Another thing I'd highly recommend is talking to property managers on BP to get some feedback-- it's probably very rewarding and can produce income without many starting costs, but it does come with headaches.By thinking about your next steps, you're already on the right track.

What can be done to make sure that I do right by the seller and make this is a legit deal? 

Either way, I would definitely recommend checking with your state's legal guidelines as well as getting legal council just to be sure you stay within both your's and the tenant's rights. 

Chris is right about comparing interest rates.

I have about $100k available for down payment, closing costs and I'm hoping to have some left over for reserves.

. - OwnerRez recently got their Wheelhouse integration- OwnerRez accounting and financial reporting is wayyyyyyy better- OwnerRez has more features and more integrations that we need (especially the payment processor)Other PMS we considered: Streamline, Track, and Hostaway@Tom Freestone I probably wouldn't get a PMS right away since you only have 1 listing.  

Right now and what happens in those member, it's entirely possible that some of your tenants run into immigration issues and disappear.

Our right to demand earlier payment:* We may demand immediate and full repayment of your loan if:*.

If you have a distressed investment property or a property you're looking to rehab before renting, a fix and flip loan product would be the right product for you.

In the above two apartments the tenants were consistently behind on rent and when they left were probably each about three months behind.3.