Originally posted by @Sonya Suggs:Thank you so very much for your review.

But your goals, timelines, etc are not outlined at all.Common issues I see on these forums: everyone thinks they are getting a little cash flow, but over the long term, they are a) not getting as much as they underwrite and/or b) typically hurting long term value by creating cash flow through deferred maintenance.  

I have been doing research on BP and other places for a couple of months now and decided that buy and hold long-term rental BRRRR strategy will be best for us.

I have a feeling the original contractor wasn't being straight.

In terms of opening a bank account, most of them will ask for a local address but a lot of the online banks may not verify it. 

Not only are there no banks or traditional lenders involved, owner financing doesn’t necessitate an inspection or appraisal unless the buyer wants them.Once a buyer and seller agree to terms, monthly payments are made to the owner-seller according to an agreed-upon amortization schedule.

State a max lease duration if your concern is that you will actually wind up with a long term rental with Susie and Susies boyfriend. 

My original goal was to buy 5 rentals and have them paid off by the time I retired.  

Yes, I'm fairly risk averse so taking on a HELOC long term is daunting.

Planning to sell two investment properties in CA and buy one primary residence in CA.Property 1 is listed and expected to sell in August to September timeframe (Around 150K long term profit, total sale price around 0.85M, no loan)Property 2 is under renovation and expected to be listed in August-September, and close around October to November (around 400K long term profit, total sale price around 1.7 M, around 0.6M loan. ~1.1 M in cash).What is the best time to buy the replacement property?