Or lastly how to go about raising the current tenants rent as I take over ownership of the property or maybe some type of vacancy clause before taking ownership.

What made you interested in investing in this type of deal?

Purchase price: $300,000 Cash invested: $15,000 Partial ownership of rental property What made you interested in investing in this type of deal?

IE go to zillow, search on just by owner sellers (uncheck the other seller types), start calling;  would you be willing to rent for 9-18 months before I'll buy?   

What made you interested in investing in this type of deal?

@Damien Staley I don’t know about the government assistance or MRA but I’m somewhat concerned about any type of hard feelings that might come about from other family members were you to start “profiting” off of Dad and Uncle.

For me a quick guide,  is I look at school rankings, easily found on Zillow if you type in a home address and what's surrounding the area as far as types of businesses. 

One of the things I've noticed is that the flooring and underlayment options usually give an STC rating based on their use on 8" concrete subfloors.Part of the rating given is being attributed based on what type of subfloor it is and would be a lower rating than with the plywood subfloors.

What made you interested in investing in this type of deal?

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it.