This would obviously increase my monthly income as well. 

NNN - I am going to negotiate a cap on the expense pass through for property taxes to mitigate the California prop 13 tax increase; ideally getting very close to what the current tax exposure is.

Is there a bank or lender out there that will allow him to refinance the home and subsequently owner finance it to a buyer? 

It started from an article then turned to blogs and has increased to books since there.

In a round-about way, I'm asking for help and looking to see if I should completely back out of this or if there is someone in the Portland area willing to help out a newbie and gain a property along the way while also increasing your network. 

Another pro can be that neither accountant will likely increase the bill to you from year to year in fear that the other accountant can steal the business.

So hypothetically if I get 3.5% down on a $100,000 home then put $5,000 in repairs and increase the value to say $120,000.

PROPERTY INFO4 BR, 2.5 BA near Little Rock, AR$31,980 cash purchase (20% down, 30-year fixed)Property valued at $159.9KINCOME: - Rent: $1,295/mo (Year 1), with $50 monthly increase in Year 2 EXPENSES (Total $1,230.61): - P & I (30-year fixed at 4.75%) $667.29/mo - Property Management (10%): $129.50/mo - Property Taxes: $163.67/mo - Homeowners Insurance: $50.40/mo- Repairs/CapEx (10%): $129.50- Vacancy (7%) = $90.65RETURNS: - CoC = 2.42% @ $64.39/moQUESTIONS: 1.

When running various rent price (income) scenarios to see the impact on your monthly cash flow, you are "penalized", in a sense, for increasing the rent price.

And thanks for the pointer @George Blower - I'll take a look and see if that increases my options!