Your LOI is non-binding and generally covers only the high level terms - price, earnest money, timing, contingencies, etc.

Not to mention some of these countries have unemployment levels as high as 30%, so you could rent to someone who has never had a job, may not speak English and can't drive a car. 

.- use back half of the lower level for self storage facility and rent those out.- Lease out the store front half of the lower level to retail or something similar (not a priority since the apartments and storage alone will cash-flow the deal)Operating Expenses: ~$11000 (high estimate)NOI: $26350.00Debt Expense: $18914Cash Flow before taxes: $7438.00Taxable NOI: $4425I’m not looking to pay myself anything, as I’d just like to hold this as long as possible for my kids and to learn as much as possible for my next deal.

Thank you for the great feedback thus far Account ClosedTo provide more context, I'm a federal employee and the promotion would be from GS12 to GS13, so after 1 to 2 years, I would be eligible for GS14, or at least make it easier to compete for GS13s outside of D.C.

I've never had a co-signer before and don't know how that all works out.

The dozens of employees of BP will all work for free so we can have a free site, free blogs, free podcast.

I left CA and moved to CO in 2016.

You may make really good money this summer (and that’s really good money) but a bank is unlikely to give you a loan if you don’t have consistent income, or a co-signer.So if you wanted to buy anything like a rental you’d likely have to wait until after you graduate and got a full time job.  

Walmart has really invested a lot into the community to help them attract employees for their headquarter offices.I’ll be glad to connect if I get a deal for second opinions.

The interest need not be equal, and, in the event of the death of one (or more) of the owners (co-tenants), no right of survivorship in the other owners exist and the interest of deceased co-tenants passes to his or her heirs.JOINT TENANCY WITH FULL RIGHTS OF SURVIVORSHIP- An undivided interest in real estate property, taken by two or more joint tenants.