It's just for show, as far as these guys are concerned, the money belongs to the rich co-workerSo it all depends on your personal situation.It's funny that the bank made all this fuss during the qualifying stage, but at the closing, they don't check or care to see where the funds came from.

The owner's own contractor even backed out. 2- My rent where I am currently living will increase significantly (by $250) in about 2 months.

It’s funny but I have had a great experience with Air BnB payout breakdown.

@Christopher Labonte,Funny you should ask because I actually found biggerpockets several years ago looking for questions to screen property managers.

Keeping it as is, only doing necessary repairs, and keep doing annual rent increases.

My last rehab the only thing that popped up is one of my contractors took on more work than they could handle and therefore were too slow pushing things back and increasing the rehab duration.I am not a fan of newbie RE investors not investing local. 

You know he will probably redeem, and you don't want to sue him and just increase his redemption charges as a result. 

Expect gradual increases. 

You should then ask the landlord how much he is charging for rent.If there is a big difference between the numbers - that is great because you can go in and increase rents when the lease expires.You should reach out to a lender to see if you can get financing on the deal.You should also reach out and get good figures for items like real estate taxes/home owners insurance etc.

The cons are that you will have force saved money in a manner that you cannot easily access to increase your net worth and income.