Mitch turned a deal that most people (agents) would walked away from into a win for the seller and buyer plus assisted the lenders in minimizing their losses and the agents in salvaging a majority of their commissions.

Never done it myself, but that's what I would do in your shoes if you can survive off the minimal pay.

Yes, screening and tenant selection are key but they are not perfect and people and their circumstances do change.In California, tenants can break leases with minimal consequences.The only time I do a long term (6month / 1year) lease is for special circumstances or if the owner really wants me to do that. 

You will need to discount the note, but if you structure the deal correctly and have strong seasoning the discount could be minimal.

@Robert Marston is more tech savvy than your average agent if you want to pitch him on it.

I know in most neighborhoods the transect zones will bring mostly minimal changes to lots, but I think certain areas like this one potentially stand to gain allowable density.

Another thing you should consider doing is to get your financing figured out and have them give you a loan letter that states the average loan closing time and the maximum amount you qualified for.Another thing you should do before you start investing is to locate your new office location that is convenient and has minimal distractions.  

I've had people add in minimal repairs to their home and try to upsell it by enormous margins, and I've also looked at homes where the assessed value of the home was less than half of the buyer's initial offer. 

For the trained eye, you’ll notice I removed the existing window and plan on replacing it with a smaller awning window that will be at a higher elevation to minimize future water damage.

I have a unit for rent and two days ago I showed It to a young man who will probably meet my minimal standards (screening process is in process).