Note: this route will likely lead to a lower purchase price.2.

Routes are set to maximize profit for the plow company .

What are some things I need to think about and research on if I go this route?

Not quite the "credit route" but easily helps segregate business expenses from personal expenses.

Just a thought, as this is the route I am planning taking.

I am also considering this route.

Another option is to go the more traditional route using a real estate agent and searching for a fixer upper with upside pore too that is in good enough condition to qualify for traditional financing.

If you go the route you mention, it's going to take at least 12-15 years to break even, depending on interest rates, what you pay your partner to live there and assuming year-round 100 percent occupancy.

In my experience, if a tenant wants to sleep somewhere or do something, your lease language isn't really going to stop them, it just gives you a reason to terminate if you choose to go that route.

And, if you're guaranteeing a loan, you'll need to disclose.Also, one piece of advice: if you go the note route, your lender will likely want a history of payments or evidence on your tax return before they recognize the full income from the note.