They want their family to live in a nice area with nice schools, and they can afford the payments.  

-You'll finally learn to not let your obsession with success and money get in the way of health and family and learn to balance (albeit slowly).

Missoula is one of the best towns on earth, and there seems to be a ton of affordable real estate there now, and a great, growing university which provides lots of renters.  

If you can afford to lose the money and not lose sleep, the go ahead. 

However, it very much depends on......2) Can you afford this?

Unfortunately, his health is deteriorating, and he can't complete the house.

The renter wants to buy it, but the bank wants 20% down and he can’t afford that until next year.

Cash flow is my end goal, but in order to reach that point where I can afford those kind of properties I'm left with the method mentioned above unless someone can give me any better ideas.Please, anyone reading along this thread; would you please give me some pointers if my mindset is not in the right place or there is a more optimal route I can take.Ideally, I'd like to keep my potential business partner because of the fact that he would cover any labor costs in the present as well as in the future and is giving me full control of the property in terms of tenants, decisions on holding / selling, and what to do to properties in order to appreciate their values.

I pay 1400 a month in rent and can definitely afford this, however the banks won't approve me for anymore then around 90k.

Property seems generally stable but owner lost his manager last year and he has health problems.Owner wants to carry paper but needs $100K down to cash out a $72K non assumable loan and $23K in back taxes (4 years).