He would stay rent free and I would have my own house at 27!

Dane, I do not have a specific lender that I personally know in Orlando, Florida, that I can recommend to you however, the advise I would humbly give you is not to limit yourself to just lenders that are physically located in your area and definitely do not limit yourself to working only with banks and credit unions.Banks and credit unions offer real estate investors some major benefits (lowest rates and very good terms)  but their are a few major draw backs (limit on how many properties they will allow you to finance, lengthy times to close, a lot of documentation). 

don't take the draw.

I do believe the tax limit for gifts is 15k but I am not an expert in any aspect of real estate so double check.Is she only interested in getting a return on her investment or would she consider staying in the deal with you.

Has anyone done this before and if so, did you draw up some type of contract that allows you to do the work and get paid back if you didn’t close?

I am in the Seattle area now, I have a friend who is in Utah, who is also looking to get into investing as well, so I'm not sure if I should stay here or start there.

If you are wanting to stay in the real estate market, you could buy multiple SFR depending one the area or you could be more passive and buy into a syndication or REIT.   

You could make it clear that she needs to move out by end of October if she can't get and stay caught up. 

I would rather stay away if you have to cover electric. 

Hello everyone!!! My name is Chensea and I’m new to the community. I’m so exited abt this website and all it has to offer. I heard abt it from a client of mine a while back when we were discussing the Rich Dad Poor Da...