But it's still a choice that you are making for a bad act that wasn't even committed by the tenant. 

IF you want to 'split profits' instead of borrow money from him, you have a business TOGETHER.

The advantage of directly owning is not only having complete control, but also the ability to create sweat equity when you are cash poor.Really your best choice is probably to hire a property manager.

@Brandon Hall correct me if I'm wrong, but for the 2018 and beyond tax years, the LLC now does make a difference, as it could be subject to additional pass through taxation reduction- as well as needing to make a choice on how the deduct mortgage interest.

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

FHA-approved) as for borrowers who would be buying their primary with the loan (rather than renovating their primary and investing), but I'm guessing that favorable terms could be arrived at nevertheless.

Long] was at the forefront in resisting the efforts by lenders to assert default against borrowers who attempted to sell residential real estate without paying off the low interest mortgage.

No proven track record, living on their own for the first time, immature, bills being paid by mom and dad or borrowed funds, etc.

I have no option to borrow from family or friends.

At the end of the day I got tired of jumping through all their legal hoops just to get MLS access, so I decided dropping the license was my best choice for my business.