But then we enclosed the porch for another room & then rented the barn to a food vending machine supplier, (& then we had rats).I miss those days.

Also food was left behind and the home was filthy.

I listen to podcasts daily (Bigger Pockets & Rental Income Podcast) and I must say I a feeling a little overwhelmed just because this is unfamiliar territory for me, but I am excited and willing to learn.

BTW, they receive no W2 income, in other words, no paychecks and all expenses, food, auto are paid by the religious order.

Definitely food for thought, thanks!

locals in a market when doing a big rehab are at the properties almost daily.. that's how its done.. controlling costs.. also FWIW local banks generally are not going to lend to an out of market borrower especially one with no experience and only one property why would they risk far to high.. this needs to go to a national lender for the refi.. 

Just some food for thought, but again great job on putting together a very creative deal.

Great opportunity to connect with a ton of folks and network all evening while benefitting the local food bank.It's on the BP calendar of Networking EventsThis one is sorta free, but we are asking for a small cash donation to Harvesters at the door.There are also a bunch of Meetup Groups, Landlord Associations and other clubs you can check out.You can find one or two events every week in the greater KC metro - I would suggest picking one or two.

We agreed he'd pay for half the utilities/bills/food just like we'd always done and also give me $400/month for rent. 

They're going to have some out-of-pocket expenses like anything else that gets used daily.