Being that it was section 8 tenants, time was not in our favor as she had to find a new location which took a good amount of time, then her new location failed inspection because of safety issues, so her new landlord had to get things added/fixed.

You want one who will aggressively apply IRS rules in your favor and who will be willing to defend you if you get audited.

I would maintain ownership if the political winds steered toward a repeal of the rent controls or otherwise indicated a more favorable climate for the business.Thanks for your input.

The rental income and expense seems to be favorable.

I guess I'm in favor of the same idea of banning with a couple conditions. 1.

Late-trends show this clearly, with less Money In Motion playing the game as each day passes.Where's the AWOL money?

Regardless, I'm not solving for his needs but rather, solving for mine and the fact is, I can choose to keep this property and generate a nice cash flow so the deal must be in my favor for me to consider it.If I go with the Lease Option, I agree that the long option period is probably not the way to go - that was more if he purchases and I owner finance.

If you search the landlord forums, you'll see that a "2% rule" is favored.

naw, just a personal favor for a friend.

If it is, here is my advice. 1) Seller financing can be attractive - make sure you understand the terms (int rate, pmt, etc) and negotiate the most favorable for you.