@Sean Peters  I agree with those abovecondo converts can cost far more than one might thinkyou sell these off as inventory and your a dealer and taxed as ordinary income and self employment tax unless you C corp I thinkcontingent liablity of selling attached units as the developer.. this is a real issue and proper insurance is advisable for future litigation for construction defects.So the number really is the 250k  number VS the cash flow and what would you do with 250k  if you use it to spring board your business then I think thats a good move.other wise you can jsut rent it knowing you can condo convert at a time in the future if prices rise and it becomes even more advantageous to sell off.Now check with your accountant but you might be able to condo convert and keep these as rentals put them on schedule C and then sell them off over time.. and get cap gain or preserve 1031 potential.. either way sounds like you have a nice deal

Say that you are self employed for example.

I've got two lease to own programs that might work if he is still employed/can show proof of employment?

It may also be wise to contribute a least enough to satisfy the employer match portion.

I was going to have the home in my name because he could not have a bank give him a loan based off his employment history (he is recently out of the national guard and wanted to put his reserves in investment properties).

Trying to reach some goals per @Brandon Turner's podcast and figuring out what level of activity I need to employ.

The tenants get a steady paycheck as they are upper middle-class and employed by corporations.

I have been paid as long as three years after the judgement by someone who needed it off the credit report, and I once collected the full amount from the employer who failed to answer a garnishment order.

@Rob RandleI was employed at my career job at well known company, for 4 years out of college.

Is there one or two main employers that can potentially shut the town down?