In summary Rick you can 1) borrow from mom if you understand the possible consequences and risks of that arrangement 2) borrow from the bank as you appear to have the resources to do so without assistance 3) find a property you can buy all cash with your own funds now or save up and buy a larger property all cash later or 4) continue to seek input from other investors on alternative strategies.

As long as you continue to pay your dues you'll have MLS access.

. :-)Continued success!

If you're good at keeping the customer happy, and get good at bringing in business once you advance somewhat, you can get on the partnership track and make some very serious money.If you're willing to move to a different field, computer hardware and software engineer continue to be a lucrative field.

In addition did you investigate Insurance and Property Tax costs if you were to take over.

I want to get an idea if this will continue to get worse, or if repaired (inexpensively) will be just fine.

Thank you for what you have done and no doubt will continue to do here.

Property value in this case is insignificant as long as it continues to cash flow.

Or if I choose to use lease option should it beSeller --->lease option to me(which I want to purchase later and continue to rent)--->sub-lease to tenantLet me know if that clears it up.

Thanks and continued success