It would be ideal to have a dealer set up 10-20 homes and sell them directly the tenants and finance them, taking us out of the picture, I just don't know if that is feasibleLet me know what you think or if I can clarify anything.Thanks again 

I'll also look into the dead for purchase option if the property could be subdivided in the future.As for building before an agreement was signed, I agree that is definitely not ideal, but there is some flexibility in dealing with a family where we are all on good terms versus a typical business need. 

I'm 28 and thinking of buying a triplex that was built in 1910, I would ideally hold this property for the next 15-20 years.

Ideally, I'd like to have a situation where the mortgage remains in his name and the title of the house is transferred to an LLC where I own 25% and he owns 75%. 

right. thats ideal for me as wellThanks brother!

In short, I really want to purchase this ideal starter investment property but am a little worried about tying up 90% of my capital in a project while I'm self employed.On the other hand, I have been doing some research and know that self storage is a overall great return. 

Applicants with red flags such as bankruptcy, a previous eviction, missing utility payments, or defaulting on alimony payments should be avoided.Rental HistoryA previous rental history is the ideal way to find out how a potential tenant will treat your investment property.

As a  young married couple with decent income, we seem to be in an ideal position to start out investing fairly early, it is only a matter of getting real estate education and making deals happen.I have to confess, I have been a member of BP for about a year now.

Current tenant may be willing to owner finance since the payment to me would be only slightly more.How would I deal with the pitfalls of the mortgage company calling the loan, insurance, taxes, etc?

State refund check is a decent size, but going straight to emergency savings (which I feel is not bolstered enough if things were to ever go sideways).I'm in this weird limbo with wanting to accelerate debt payoffs AND save a good amount for a venture into RE AND bolster emergency money (like 6+ months of living expenses saved...ideally 9-12 months would be nice).