He may come across as someone who is resentful, but as the landord...you don't want to present yourself as suspicious of his intent. 

Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance statement).Effective for January 1st 2016 they are adjusting audit procedures to ignore items below this threshold provided provided you have a receipt.This means you will not have to depreciable items below this threshold as long as you elect that safe harbor.Of course it was released this morning, after I prepared for my presentation this evening.This represents HUGE $$$ savings and time savings.IRS Notice Notice 2015-82This Notice is effective for costs incurred during taxable years beginning on or after January 1, 2016.

I'd check and keep checking water meter and track I'd go late at night and see if the meter is spinning at all for 30 minutes, if it slow it's showing a leak.I'd call and find out if you can have meter replaced if no leaks are present. 

Typically if you present the deal as a contract for sale and not a property for sale then you are safe.

 @Bill Gulley  I had some interest in learning lease options to have that tool in the bag if the right situation presented itself but I've been unable to figure out all the details to make it legal.  

well, according to Cade Thompson with Halo who did a very good presentation at Note Expo, he pointed out that in addition to the institutional lenders continuing the liquidation of their NPL assets to the secondary market, the GSE's are also beginning liquidation in 2015 and will carry to 2016: Government InventoryRecently Listed Pools of NPL will be worked-out over next 2 years with Low Value NPL sold into tertiary markets and direct opportunities for smaller investors.Origination ProgramsNew affordable housing targeted loan programs are being rolled out which should provide liquidity opportunities for smaller investors.

The tenant with S8 will need to present you with their verifiable income.

Al Pacinio  and OH can't think of his name he was Felix Unger .... its a classic and it is absolutely how the game was and is played in the land business... think of your self as the buyers. and think of those promoting these deals as the owners of the company.then imagine myself as a 6 to 12 year old sitting through the meetings going out on in home presentations and meeting at the properties closing etc. by the time I was 10 I could sell land as good as any of them...

A private lender named Direct Commercial Funding Inc. has presented us with favorable loan terms, however, they include a substantial upfront fee.  

Whether it is a SFR or a multiplex, the type of tenant one rents to will depend on the location, the type of property presented, quality of the dwelling unit, tenant screening, strength of the rental agreement and how well the property is managed.