This means it is shared loss/gain proposition and you assume potential liability for any losses including legal issues that may arise.Essentially, your betting that your operating partner has the skill and experience to find, rehab, and manage the property.

Essentially, I am pursuing the house initially as primary occupant, but framing it in my mind like I'm purchasing an investment house, with rent payments guaranteed over the first 4 years (from my own housing allowance).

I was apprehensive renting to a family with multiple kids also, but they qualified very well and were the first to look at the unit and said they wanted it on their initial walk-thru.

I think my best bet is to go retail here.

Until then, you look through realtor.com, homepath.com, homesteps.com plus many other sites to identify the REO properties you would like to see - then initiate contact with the listing agent.

No, on initial purchase they are lending based on purchase price.

Shortly after doing so, my ERISA attorney made me aware of some investigations that the IRS and DOL were initiating into these types of products, and there was concern about whether they were legal or not.

My initial reaction is that this estimate provides both a wildly large range and also a much lower average cost than I was expecting.

What questions do you ask on the initial phone call from the prospective tenant?

When signing initial lease the people are on there.Later on others are discovered.