Not 100% sure of the structure for the sale yet as far as using a note & trust deed, option, contract for deed etc.

@Jack TuckerSince I have/had less than no idea on this question, I just Googled real estate private money lenders and at privatemoneygoldmine.com it seems the lenders are at 6% to 10%, but I have no ideas on specifics as to length of term and initial down required.I know all the deals I have seen in the Portland, OR area with Owner financing have been 20% down and 6% for 5 years, with a balloon.Also aren't the terms are what you are comfortable with and how you structure the deal?

The appliances are missing, I'd want to repaint it to more neutral colors, and fix up that bathroom.

If you structure your holdings correctly you can build to the point where you make money no matter what you are physically doing with your time.Neither is right for everyone.

My other housemate showed me the bathroom and the problem tenant dyes his hair and the dye has stained the toilet and floor!

Modular meaning (modules) that are put together for the finished permanent structure.

As you can see dealing with tenants can be a pain if the right structure isn't in place especially when you start scaling.Options open for real estate investing will mainly depend on capital to start and expectations of annual return versus what kind of headache you are looking at dealing with.

Much has been written here on BP about the issues, all in all, not a good way to start in RE, but it does depend on how it is structured.

First you need some basic business consultation and you can get free advice from SCORE, google that and follow from there, probably have advisors near you.An LLC is sufficient to do anything any RE, the type of business structure has very little to do with the nature of business conducted, as a small business your considerations should be based on tax matters, ease of adminitration, flexibility to conduct business, ability to obtain financing and insurance and lastly liability matters.

This can be done by directing the water away from the foundation as much as possible and/or by installing drain tile.To keep the water away from the foundation, you can try installing gutters and downspouts, grading away from the structure, etc.