a bank doesn't have the same desperation that an individual might.

About 20-ish years ago our State Supreme Court (lawyers, of course) declared that individuals have the right to choose their own attorney, and thus non-compete clauses in attorneys' contracts could not be enforced (a non-compete clause would prevent an attorney who left one firm from going to another in the same area).

Ideally, I would like to outright sell the property since I would recover all the cash and I can move on to my next deal, but the market is somewhat slow here.

It is pointless to try to list all the individual expenses because you don't know a lot of this information.

I am a private individual who likes to help other people find what they are looking for.

Is this less than the most ideal way to enter into home ownership?

Ideally, it would provide QucikBooks-type reports and info for tax purposes, as well as track investments and expenditures in other investments.

100% investment property loans are still out there ( I just got one last month and several lenders were offering it), but the terms aren't the gretatest, probably not ideal for a long term holding situation.

Ive been told if I could find someone with good credit to go in with us on a new lower refi we could get a much better rate and in exchange provide cash to this individual for consideration.

Kenneth Fach, REALTOR, e-PROKeller Williams Town and Country RealtyEach office is individually owned and operated.