If you don't have a buyers agreement signed with them it makes it even more difficult for them to be on your side because they are basically a representative of the seller.

I'm basically just looking for opinions and doing the best to read each and every important thread you successful guys out there have to offer.

His answer reflects Andrews -- you can do it but, basically the real money you'll "save" is only a couple hundred dollars, money that would be offset right now by the increased tax preparation costs.

Also you will lose your "annual increase in assessment" cap when it ceases to be your homestead.Your last line says it all: My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.

So my question is basically which is better?

Basically, the right Seller couldn't care any less.

Usually that information is passed on to the novice investor and it basically goes in one ear and out the other.

The material is very basic - good for someone with little to no experience to get some ideas.

Basically, you buy a property and the tenant (something like a Burger King, Dollar General, etc.) pays everything (including taxes, insurance, all building/maintenance costs/etc) and you just collect rent on a long-term lease.

I've been reading the MLS for months now, and have copied basic info into a document--mls#, price, location, even tax number and a blurb.