Best of luck and reach out to me if you ever want assistance in finding solutions for homeowners in tough spots.

Its in a really good spot in south Texas.

This way, when they show up, they have the option to secure the property on the spot by paying a deposit amount.

This was a great deal and was located in a prime spot in Pewaukee.

I am not sure how to structure it and what blind spots I need to be aware of. 

I’m in the same spot.

You then only use up 1 conventional spot and then you can build your 2 yr hx up as a 1099 and be ready to rock your 10 conventional slots ;)

@Jim Morris you really should do a walk through through inspection when they are there and point out deductions on the spot.

Looking at it just based on what they can get for rent vs. what their mortgage payment is could put them in a tight spot - thinking that the property is going to cash flow because they are not seeing the whole expense picture is what you want to avoid.A great way they could bolster their cash flow if they wanted to keep it could be running it as a Short Term Rental.

I like the west side of town and love Smokin' Oak...it is a great spot.