Saying they can vote on decisions is not the same as the people with the votes having a realistic way to exercise good management.

6) The Miracle Morning (The morning is the most important time of the day, this is your time to wake up, exerciser, meditate, plan your day, and by 10am the most important things of your day should be done)Me recommending these books to you is the single best thing I could ever do to help you out, for you the person wanting more who knows good things are around the corner but is waiting on a sign.

Our thought was since we are going through this exercise we might as well ask for the invoices to verify what was charged since our landlord was known to be extremely frugal and try to nickel and dime everything. 

Running numbers is a great exercise and I recommend it, but adding in all of the extra complexity so that you can give your 401k loan to yourself at 4% or some such just isn't going to be great.Either way, best of luck!

I know the ROI of my cash is somewhere in the ballpark of $10,000 maybe $15,000, but, I think it will be a great exercise for my first deal.  

Lenders can dictate terms based upon their risk factors and can enforce DOS.Owner occupied... add spouse/children after closing and DOS cannot be exercised.

On the other hand, technically those judicial redemption rights must be exercised in a lawsuit for force the issue.

A nonresident, who receives deferred compensationor income from the exercise of stock options that wereearned in Georgia in a prior year is required to pay tax onthe income, but only if the prior year’s income exceedsthe lesser of: 1) 5 percent of the income received bythe person in all places during the current taxableyear; or 2) $5,000.

If you did this the 1031 would be appropriate, you get the lease you each want, and after a year or so they can exercise their option and buy it from you.Added bonus - If the rent to own is structured tight enough so that risk of loss passes to the now tenant at signing of the contract rather than the deed changing that is the same thing as you selling the property on the day you ink the rent to own so you could again 1031 that property if the financing issues could be worked out.

Crash calling is fun and can make for some lively debates but it's sort of an exercise in futility because ultimately the market will do what it will do without regard for what any of us say or think.