Sounds like she needs some help to solve her late rent issue AND you could do good.

Also seems like something that most investors get into later down the road after building some creditability over time.

We could put in a ballon at 10 years or later as well. $660k with $60k down at 0% with a 30yr schedule is $1667 a month.

It is not uncommon for tenants to come back later and claim there was a lease or deposit. 

He was pleased with that offer so we put it under contract a few days later!

He was pleased with that offer so we put it under contract a few days later!

Take a ton of pictures to be able to reference later.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The later choice takes times and rarely bears fruit in our experience. 

It can depend on whether you need or want the cash flow from the property or if you are banking on a groundswell later from long-term appreciation.