In terms of pricing they usually have rules about advertising the price for a length of time before accepting an offer.

Whether it is Single-Family homes, Multi-Family homes, mixed use or any other type of property, with such a high demand in Toledo, it rarely stays on the market for a great length of time.

It is not an arms length transaction and the only reason you are doing this is to skirt laws for asset protection.

There are certainly ways to protect yourself as others have noted, I would consider making it mandatory the seller leave funds in escrow equal to the amount of rent you would be obtaining for the length of time he/she is occupying the property, plus an additional 10k to protect you for eviction costs.

Check the rental rules for the HOA (i.e. do they only allow rentals for a certain percentage of properties in the complex, are there any restrictions on the length of the lease, etc.).If all of that checks out and your numbers still look good, then this townhouse might be an easy way to get your feet wet in real estate.

People sometimes come to an area for a contract job of a certain length.

This was not done over days, it was over a year in total length.

Also, their labor production rate is something not accurate, it only accounts for if they are doing that and materials are already set closeby within an arm's length, so running to home depot and hauling from truck to second floor is not counted.

Was this an arms length sale or did Grant own (or control) the property at the time of the raise?

@Zachary HarrisonThat’s not uncommon because it’s not an arms length transaction and many times rents are inflated or non standard or some shady stuff goes down.