One thing to explore is Equitable Ownership.

One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

We'd be interested in taking a look and providing an additional opinion to the offers you may be getting.

We look forward to the opportunity to connect while we are in town!

Purchase price: $280,000 Cash invested: $7,000 Light rehab, rent, and 30 month balloon to refinance.

What can I do to help him (and help me) for him to be in a position to be able to pay his rent?

. - What systems/software do you recommend to use to determine the markets to invest/buy into?

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

It allows you to build a stable, solid base.

I would use money from a HELOC that I have open to fund the down payment, but as @Scott Trench stated recently on the podcast, that is a short term solution, and I don't want to hold that $48k debt for more than a few months.