I have thought about "carrying the note" (acting as a bank and offering a payment plan, etc.) to tenants of house 'B' but I am wondering if the above mentioned scenario involving house 'A' affects this idea?

When i asked what was in it, he said a note to the owner with HIS ph. number to reach HIM!

Not sure if this transaction would qualify for a 1031:http://www.1031corp.com/1031-exchanges-made-easy/1031-exchange-requirement/Originally posted by above link: ...Examples of non-like-kind real property that cannot be exchanged under Section 1031 include primary residences, “flips,” stocks, bonds, notes, mortgages, cash, equipment, goodwill, inventory and interests in a partnership.Emphasis (bold) is by me.

Buying notes.

So negotiate to make principle only payments on an owner carried note in an amount equal to what the husband needs to replace current income.

The seller is financing them to me for 36 months and most of the notes have between 48 and 87 months left.

Don't you think something like this should be stickied?

You can send tenants a new lease 60 days before end of period or anytime and ask them to sign a renewal.3) move-in- Take pictures, movies or whatever you'd like to feel like you'll cover the whole house and note the condiiton before tenants are over with you.

If you want your family to participate in these deals in a passive way, I suggest a simple unsecured promissory note with a fixed rate of return that is less than the performance of the asset you are going to use the money in.

We’d have a promissory note and/or operating agreement?