Oh and cant get much better by the 0% they promote for signing up.. good luck, stay with it and go get it!

Do you then raise their rent in effect penalise him for his health condition.Raise their rent to market and pay him separately for the work he does.

This rolls the tax one would have originally paid on the sale into the new property, deferring it until the sale of that property, unless that property is exchanged again.The tax can be quite significant, for example here in California our capital gains tax rate can be 30-40% of the gain (when you add up the federal and state capital gains taxes, depreciation recapture of 25% and the possible health care tax).

Eventually, I found it was easier, slightly more profitable, and better for my life/health/sanity to stay out of that area.  

He just got promoted and is now moving out of state.

Looking for any suggestions, feedback, cautions regarding this potential deal:Very motivated seller, currently living out of state with health issues and is tired of trying to sell (we've been watching it for about 6 mos and had originally talked to him when he was at 80k)Originally listed at 80k, reduced to 65k.

,For the sake of your own health, sounds like you need to lighten up and hire someone to do the "worrying".If you have few units and a single missed payment puts you in difficulty, that I can understand. 

Vernon and Effingham, I do home health therapy and have always heard that it's hard to find quality rentals in small towns.I feel like it's a niche market that could be tapped into.

I find it difficult to figure out how you did all of that for only 30k but you did save a lot on sweat equity. my experience is, even if you do the work yourself, you still need help.if you pulled a permit, which I'm sure you did, I'm surprised the village let you do all of the plumbing yourself. that's definitely needed by a licensed guy and registered by the health dept (even though plumbing isn't all that difficult to DIY).great to live in a flip; just would take a while before it's functional to live in but definitely attainable with heat and hitting the local health club to take a shower. :)maybe it took him 8 months from beginning to closing. if it was an 8 month rehab, he definitely spent more than $30k in labor & materials.

Is there some health care law that precludes me from enforcing the lease provisions?