The owners of the LLC would guarantee the loan making it a safer bet for the lender.Hoping other members can fill it the gaps I left open...Best of luck to you!

Favorable as at least you might be in the area yourself occasionally, have others that might be able to at least check on it for you once in a while and also you might be able to write off the trip to check your property/see family.The duplex idea has merit as you could purchase it using owner occupant financing versus investment.

@Anthony Boone Your best bet is to close and resell. 

It is a riskier model versus renting in my opinion so a higher return would make sense.

I do not have time to calculate with perfect accuracy but using rule of 72 I show an 9+% annual return on the appreciation versus purchase price.  

It also makes you vulnerable to "betting the farm" on the next big deal....The key to being happy with your investing (or any other) results is to define what success is for you and then work to achieve it.

This is your best bet, and while it may be painful to pay him ANYTHING, it's the easiest.

This way, if the resident skips, it gives you more numbers to call to get 100% your money versus share it a percentage with a collection agency....and if you do use an outside agency, it gives them more numbers to call as well.  

Do you think paying half of a mortgage payment twice a month versus paying a full mortgage payment once a month is actually worthwhile.Let me know your thoughts!

I bet they come across a lot of trashed houses.