@Vanessa Peters I like the approach to leverage your equity and invest in further investment properties.

My wife and I are quickly approaching 2019 and our start to investing.

Your approach makes complete sense. 

., this is incredibly important, never, and I mean NEVER, give ANY credits from the rent towards the option.Never allow for additional payments during the option period that are credited to the option.If you want to do a 15 year agreement, then just sell it to him as a 15 year Land Contract.

I like doing a quick title search on property before I approach owners.

So I would be wary of this approach.

I really don't know more than the basic safety and mitigation approaches for asbestos, but I would look closely at your tenant's overall situation, how reliable they seem, and if they have a history of causing issues.  

Some areas the rental market doesn't support commercial build if using income approach as value..

Just curious because I know people who have approached myself wanting to get in on a property or two to rent out and I told them no at this time since I really was not sure where to start off myself.Thanks!

However, in the other 49 states, and the other countries that have been using Offset mortgages for decades it's an incredible tool!