There needs to be something in writing at the very least that outlines that.Any reputable property manager would want to screen all the tenants that would be living in the home.

There are some rough streets and properties in the area I've outlined but I see a lot of focus from investors and I think it will be a gentrification play for a while.

I outlined exactly how I did it either in this thread or another one.

For me, the transaction was performed in MA, and the closing was a transfer for deed and recording of a Promissory Note with the terms as outlined.

Hope I outline the important information, probably missed a detail, I wanted to get BP feedback or thoughts on what is the pros and cons of each approach.

-How soon could I get any cash out (line of credit or refi)?

try to leverage any banking relationship the partners might have,, a banker that has a good relationship with a partner will be more open to working with you,,but as outlined above, they will want to make sure your making money to cover the debt service and that the LP has reserves

Corina has a point regarding difficulties with regulations in the cities outlined.  

Each state has a set of laws called usury laws that outlines the legal maximums for interest rates and fees.

I was aware of what you outlined and that there was guidance after it that clarified the interpretation, but I wanted to be sure nothing changed after 2019.https://www.biggerpockets.com/...