They want comps that are not SEC 8, within 5 miles of the property (the closer the better), same city, similar age and size, same style (single family, vs something with shared walls).

We grew up in a house where my mother retired before age 55 and saw my parents benefit in countless ways from investing in real estate.

My family and I have a 97 year old family member who has done well for her age.

Biggest issue is the school enrollment period, if the tenant(s) have school aged kids.

Cody isn't allowed to have hobbies because he has to study...err and ride his motorcycle, play video games and generally put up with me.I've been a lurker for ages, casually listening to the podcasts (both real estate and money) but now I'm ready to take some action.

I can't see a reason for doing anything besides splitting the costs in accordance with your ownership percentage.Percentage to save for capex varies based on age, climate, style of building, etc.

I am from Venezuela and moved into the U.S only 11 months ago at the age of 21, as soon as I arrived I started learning Real Estate, I am an Engineer so numbers are my thing, so after a few months of hardcore preparation, I obtained my Real Estate License and quickly applied my knowledge and tools to Real Estate Investing.I found this deal after several weeks of nonstop door-knocking in Miami, it was hundreds of doors knocked and rejections before I was able to find this hidden gem.This property was in pre-foreclosure status when I found it.Here is how the deal went down:Purchase Price: $99,800 + Closing Cost: $3200Rehab: $50,000 ARV: $250,000Description: 3/1 SFH in OK condition in a fast growing area in Miami, full interior rehab was done. several comps of similar properties in the area have sold between $230,000-$280,000 price range.

But I'm going to build a years experience in my career field before applying out of state for easier job placement, financial stability, my daughter will be older and school age by that point. 

My question is this.. statistically speaking if the owner is up there in age (80's), if I get a 30 owner finance with well enough terms that I would want to keep it and not refinance, they will not be around the whole 30 years...So.... what would happen?

Because 1) they are now in violation of the original lease and I can increase the rent and/or security to accommodate my needs and 2) now I have another person of legal age to go after to arrears, damages, etc...This does not mean I will increase the rent and/or the security, but I have my choice as they are in violation, and, if I do approve the "new" person, I have them complete an application as well.