The owner is at risk for workmen's comp matters as well as you in supervising work.In Missouri as well as other states, an installment sale is more acceptable as far as holding an ownership interest, building permits are easily obtained as you can call yourself "an owner", you have an insurable interest for policies, material suppliers recognize your authority to encumber title with respect to liens in the event they aren't paid, the seller is released of liabilities as you will be considered the owner.

She's lived there for five years, so this is an established tenant.Any other advice is greatly appreciated, plus any idea on late fees for a tenant not under a lease?

However, I must respect if he disagrees with this strategy that he's getting out there and posting his thoughts. so as far as the law is concerned nothing I described in the podcast are considered predatory.

It's advice that I have been given by a few different people that I respect. 

It establishes a baseline of openness and a willingness to accept help.

The question HOW SOON DO YOU WANT TO MOVE also helps in establishing level of motivation.

I've often found that in the past as well, but my brother and I have a strong mutual respect for one another and have worked well together in the past.

They also won't care at all what the rental income is unless you are an established landlord (usually will give you some slack after about 2 years).

If a homeowner has a home worth $100k with a mortgage of $50k, they may still have less than $50k in equity (or 50%) depending on the other liabilities, say mechanic lien for $10k, so they would have $40k or (or 40%).Most often, the quick and easy idea, like above, is used in conversation missing the details of the additional liabilities to establish a "true" defined amount of equity.Throw some examples out of confusing statements for some more commentary.

The south and west grew 14.3 and 13.9% respectively in the last 10 years. compared to Midwest (3.9%) and Northeast 3.2% The largest inflow states in the last 10 years are: Rank Inflow net population #1 Texas - 4,293,741 #2 California - 3,382,308 #3 Florida - 2,818,932 #4 Georgia 1,501,200 #5 North Carolina 1,486,170 #6 Arizona 1,261,385 If someone asked my opinion as to which three states I should I get my broker license in order to start a brokerage and invest in my back yard: I would say Texas #1, Georgia #2, Florida #3.