Also, if you're interested in sharing ideas I would love to share mine and get your opinion.

Hi I am trying to sell my house off market to a neighbor of mine.  

Unfortunately that doesn't stop them from filing a lien, and you still have to show up to defend it, but without the Notice to Owner, they can't enforce a lien.I hope your experience with the BBB is better than mine.  

I don't have to do anything except answer some questions here and there with mine. 

He owns the house next to mine and another a couple doors away.

We have to live somewhere anyways, mine as well make some good tax free cash.We are doing this for the 3rd time.

He helped me through the process and mine had hiccups too.

A friend of mine has a single family rental occupied by a mother and three children.

I have 10 years on the contract, but plan on financing through a bank once a property of mine, that's on a contract as well, gets paid off.

It seems that you are planning to do the screening of your renters by yourself which can be tricky so I recommend reading the book on rental property by Brandon Turner, link below for Amazon and it can also be purchased in the BP site The Book on Rental Property Investing: How to Create Wealth and Passive Income Throu... https://www.amazon.com/dp/099071179X/ref=cm_sw_r_sms_c_api_SwdXybQ3AKCXCI have a PM that handles my screening but I have made sure that their standards for a renter is at par or better than mine.