It only has one post at the moment (which is just a very simple illustration of the concept of options), but my intention is to add content to it as I discover more in my research.I hope you'll follow and participate in my journey.Alan  

Concept or idea 2.draft a business plan (this can be simple 1 page outline) 3.set up the entity and tax ID 4. open bank account 5. take action on the plan.

Land is cheap while developments exist on paper.

So it isnt as simple as debt  is 8% and money will bring 6% so that is a 2% loss

@Wilson Lee I would just immediately evict her...get her out of the house so you can get it sold...its that simple...

While the analysis looks okay on paper, I'm going to guess that your numbers for repairs and CAPEX are very low.

- I would stick with a simple 6% straight interest rate (simple interest, no amort) and then a balloon at the end of 3 years. 

It’s nice that a decent existing tenant goes through the trouble to find the new tenant, and all you need to do is quality them, then make a simple lease addendum and you’re done!  

Dennis,Keep it simple, have them write you a loan instead of partnering.

Even if he wanted the house, if he wouldn't acquiesce to a simple request like that for the safety of the agent, imagine what a pain he would have been during the purchase process...