how would you approach this one?

The Breakdown: At FHA 3.5% down the leverage on this property approaches >30:1 and that is incredibly attractive for a first time investor.

You never know who's watching and you've essentially brought up and are considering multiple crimes, lol

I would approach it as I would any other contractor.

Thanks,Conrad  Hi Conrad, thumbs up for your approach!

I want to have clean documentation so the people renting know the rules and I have something to fall back on when I question is brought up. 

Or you may approach a tenant after a sale and have him sign one or move out ( budget for an additional expanse).

I cant thank you enough for your advice and now see the culture that BP has brought that we can all succeed together.

Then, any true profit after that gets split 50-50.There are a lot of nuances about how either of the parties may get paid "normally" but in general this is the approach I'm toying with taking if I try this scenario some day.

@Dylan LeggYou can also do a "Drive For Dollars" approach with your direct mailing.