I'll keep it as equity for now, but in the meantime moving fast has other benefits to me.

Allan this is a bit trickier topic, you're asking the relative benefits to debt vs equity.

Most people don't start buying their first houses until they are mid to upper 20's so you won't get that benefit for some years.

Also, are there any special benefits that I might not be thinking of--besides maybe drinking for free :) Thanks!

As an added benefit I have been making contacts in the industry by talking to everyone I possibly can.

As an added benefit I have been making contacts in the industry by talking to everyone I possibly can.

Anyway, there is legal documentation you can get signed that essentially releases you from any and all legal issues w/ existing owner.

Owners who have held their properties for 25 years are approaching the deadline of the tax benefits of depreciation, meaning, they might be more willing to seller finance as they'll still take advantage of cash flow to them without being completely removed from the asset.

The remodel will be extensive, taking this home that has been forgotten and essentially creating a new build.

My explanation was more for the benefit of other folks who might be "vulnerable" to accidentally investing themselves into a job;) Yes those micro units are intriguing to me.