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.

Bending on the 50% rule, etc. to get offers accepted, or continuing to make lowball offers?

Hoping nothing but continued success!!

If there is a continuous problem, I can change the due date or payment frequency in the lease.

I don’t have any debt – no student loans, no car loans, no credit card balances, etc. but I don’t exactly have a huge net worth either.Right now, my plan is to continue learning as much as possible and connect with other people in my area.

I'll bet that under the circumstances they will continue the assistance on a probationary basis and if the kid is found guilty, they can revisit the situation.

@Joel OwensInstead of creating a new thread, I thought I'd continue on one already open for new information.My end goal is to be as passive as possible.

You are required to continue to make payments.