With consistent rental income and a strong potential for future appreciation, this property offers a reliable addition to any portfolio.

You could ask that they put a year or so of savings into a separate account on which you have view access or receive a monthly statement so you can see they have the ability to pay future rent.They aren't going to last without other income or savings with income at 1.25x rent.

I really appreciate the offer and I am sure I will have plenty of questions in the near future. 

Enough” - “Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spend on cruise control”The Noticer: - “One way to define wisdom, is the ability to see into the future the consequences of your choices in the present.

You are buying in the Smokies for future price appreciation, and letting other people pay off most of the asset. 

That could lead to future fix and flips or BRRRRs.

Sounds like wealth is in your future!

Usually that means making $3,000 a Month in free Cash Flow many years in the future with a lot of Work.

Maybe will catch you at a future meeting!

I would just go ahead and pay him the $2,000 and get it in writing that he will not pursue you going forward and then set better systems & expectations in place to avoid this problem in the future, lesson learned.