If the buyer hasn't exercised his option yet then the property still belongs to the landlord.

I've been doing basic number crunching and thought exercises on something like 20 x 2/1 units at ~1000 sq ft/unit and rent out between $800-$1000/unit in the Houston area.

Finally, I put a physical FOR RENT sign in the yard, often a month or so before I know the house will be vacant.

The primary goal of this exercise is to give you added exposure to the lending or investing process during the early stages of creating a new business.

I am not physically there but I made a trip this past weekend to check it out and got a lay of the land.

Much of REI involves the cerebral side, as opposed to the physical side.  

If I had a concern about a tenant, I would call the owner and tell them they had blemishes and explain to what degree such as bankruptcy but I could not provide the physical report to them.  

If you already "own" a third of it, what's stopping you from exercising your right to just go live in it, and make any monthly dollar adjustments that would still see the others get the same return on their two thirds?

Between you and your wife's experience you know what you want/like it's just matter of have folks to assist in areas you physically can't be.Thanks,MH

My name is Romario Smith, i'm currently a college student (21) pursing physical therapy.