Based on 90% LTV, house would need to be over $433K ($117K equity line of credit).I have essentially no personal debt other than the property and the property cash flows approx $100/month. 

It is essentially limited to drip applications because the biological contaminates have not been removed.

You're essentially financing 100% of the income property which is risky.

This is essentially saying you are helping them find a buyer or helping sell the property.

That's my personal opinion were I another owner in the neighborhood and couldn't rent because the first 2-3 landlord in there essentially had become the good ol' boys club and unless/until they sold I'm locked out.Personally I'd completely vote against this even if I was the only LL in the neighborhood and would have the monopoly.

I still prefer that method as you essentially get the same thing as a turnkey, but for less $

Essentially all of the numbers in either #1 or #2 will be the same except my debt service goes down by $150/mo.Am I missing something here?

I am mostly interested in buy and hold investing and I really like the Idea of possible "hybrid investing" essentially buy and hold, but if the property appreciates (I don't plan on buying properties for this specifically) past the point where I would only be getting .5% current price to current rent ratio, then I would sell and with the new capital find new buy and hold investments where I can get at least 1%.

Essentially I would pay out of pocket for the front end costs and then when financing is in place I would recoup that money as part of the overall $3.6mm loan with my land as 1st lien collateral.

The basement is essentially sealed off from the rest of the house by the door to the first floor being closed.