Going to continue reading/calling banks to get my 1st property deal funded.

I continue to look a bit at Kansas City.

As the government continues to print more money - inflation will be going up and your buying power will decrease.

Negotiations still continue on a few others (hard to negotiate with people in their 80s out of state, oofta)...

Which would just mean you continue to make payments on a matured note while trying to sell it.

There are many considerations, including planning for continued medical costs/insurance.

If I had tenants stay multiple years, it would add up well too.I am also wondering if I continued to market it as-is to conventional renters and with the changes for Section 8.

My next plan was to find a bank that would give me a line of credit against some of the properties i own and then i could continue to buy homes and use the banks money while paying down the LOC from the income my properties are producing in the portfolio.

Good opportunity; Might fine tune this, looks like it would be 4 years of rent if that's the case.Why not do an annual lease with an automatic renewal that makes it likely that the next year will kick in and continue unless you both agree to terminate (but he could terminate following certain steps).You sign a note, you write him a monthly check, he endorses it back to you for rents or exchange checks.

Perhaps as the discussion continues a little more other details will come to mind.