If you don't have much income or money then I guess its fine but these type of old deals have no exit strategy.Let me know if there are any specific questions I can help with.

The house is not in my ideal neighborhood but with the initial numbers it would be worth buying.So more important question is if I want to deal with "average deal" house in this neghborhood compared to "great deal" house as it initially was.I guess I have some thinking to do too. :-)

As for the Baby Daddy as you refer to him, there will be a law, (in my lease I use 5 days) as to how many consecutive nights your client can have a guess.

He lost his job been there for 5 months and i guess company didnt pay there employees last couple paychecks and big deal around here.

My guess is you have problem tenants that you will not want to keep.In the future you make it clear as to what method is to be used and clarify that if it is not delivered to you, in what ever form, by the first every month you will issue a pay or quit, charge late fees and if they pay late again you will terminate their lease when it is up.

It’s oddly structured and I need to sit down with a professional tax planner to map this all out i guess

Combined with ring/security cameras it's a reasonable way to go, I guess.

If yes, then I guess I am being impatient.

I guess there are no rules for this.

I guess I am not following you.. what is your roll in this transaction. can you explain how your setting this up.. are you doing a lease option with the owner.. then re leasing it for more money to the actual tenant / buyer ( hopefully )