You could then, in theory, try operating it as a STR. 

If it were me, I would try to buy out the current owner, and do a partnership with your money person.  

I had a full-time job when I got my license and tried to make being a agent a part-time job.

It'll have the tenant's award letter and how much they are getting from the VA.Thanks- I was on that site for quite a while trying to figure out how to do it but with no luck.

So, to renovate an already functional space to make it more modern involves demo'ing something that has value to try to add something of more value BUT the value is limited because it is basement space.

@Quiche Lynn  not sure what “process” you’re trying to do or what an “affidavit of your mtg” means.

I am trying to do a lease to own with the homeowner.

I'm reminded from non-RE friends about how I take risks with real estate and I should be try to be mortgage free but when I look at my stocks, I have no control over the value other than to buy or sell. 

Trying to determine if this is reckless or sophisticated investing....The idea is that annual percentage increases and the possibility of rates lowering will allow for positive cashflow.

Hello all you amazing people,In the process of trying to use creative financing I continuously run into the situation of realtors not believing that Subject To and Seller Financing are legal.Any ideas where I might be able to find legal proof that these are allowed in KY?