You need to know and understand all of the residential rental laws for your state/county/municipality, follow them and seek legal counsel as necessary.

Paying off the loan "instantly" gives me a 24% CoCR for the next 6 years.It has no effect on my DTI since I apply for new loans personally and the student loan debt is in my wife's name.The price of real estate in my area is all over the place.

Here, there is a "default" lease under our Residential Tenancy Act that comes into effect once you accept payment for an accommodation - if you do not have a specific signed lease.

Consider the effects of foregoing your capital gains exclusion, if sell more than 3 years from now.

Many folks have a problem adjusting to effectively living on a 7.5% pay cut.

As such, it's possible I could come in $10k under budget, effectively making this deal 100% financed.

What effects do you think the bitter cold will have on an unoccupied house?

Fortunately, surgery was able to fix the problem but not all of the effects.

The assets that you describe are referred to as personal property The buyer's lawyer wrote up a purchase contract (that had several convenient loopholes by the way) and apparently my brother did not have a lawyer look it over before he signed the contract.Unfortunately, a good lesson for your brother - always have legal counsel review documents before signing.

I think this is a very effective strategy if you can grab a property low enough.