Knowing the ins and outs of the numbers and tax consequences of owning real estate, as well as the realities of rehabbing and the construction industry in general will no doubt set us up to be successful if we continue to work hard towards our goals.So far: We moved out of our personal residence (SFR) in March of this year, and purchased and moved into a duplex on the other side of town.

Set it up in the lease and tell them in advance, they will learn to sort it out themselves. 

I'd hold off, or set your price low enough that you'd have to go for it.  

Closing is still set for next Thursday. 

@Judy Le set a price you'd sell the house for.

Do you let them do the planning or do you set the plan and they just conduct the work? 

You can also buy a "partial" which is purchasing a set amount of P&I payments on a performing note at an agreed annualized rate of return. 

We have been doing all the up-front research and reading, setting up our back-end systems, developing our business plan, and networking (when we can, we have 5 kids that take up a lot of our time :p).

@Rae Finneral Welcome.Good to read and listen but it's important to set a timeline for ACTION.

It is a Co Op there is no HOA however there is a recurring monthly maintenance fee of $287 per month, the co-op shares which are based on the price of selected lot or home sites current pricing is set at $20,000 per lot, the homes are manufactured or mobile homes new ones start at $100K .......the $28K she is asking for includes both the co op share/lot and home.