My 1st post so please be gentle. Who am I kidding, no sugar coating, be brutally honest. I need to hear good, bad & ugly and anything else I haven't thought of. Thanks.Just the facts:-Owner has a property where he...

Everything is negotiable with seller finance, maybe your seller is willing to give you a low or no down payment arrangement in exchange for a higher rate or shorter term?

So always plan your money and arrange for lines of credit when you do not need the money.

Income, expenses, assets, and liabilities can easily be sorted by class and grouped with others owned by the same LLC.Both my lawyer and cpa approve of this arrangement.

In summary: It sounds like a crazy idea, but it sure checks a lot of boxes, and it would be a mutually beneficial arrangement for four people who care a lot about each other.

It's probable that the arrangement is now operating on a month-to-month basis.

Personally, I've done very well house hacking single families in class A neighborhoods, but then again I arranged things conservatively so that I always have the means and will to hold through the rough times as well as multiple exit strategies in place in case plan A didn't work out.

The tenant is not proactively arranging a payment plan, and I have not approached the subject since in LA County the tenants have until Feb. 2023 to pay back rent.

I'm wondering if anyone here has experience with this type of arrangement or can provide insights on how it could work in my case.Specifically, I have a few questions:Lets say they owe $40k left at 3% would I just pick up this loan?

We typically get a tenant at market rate in a 1 hour open house or prior to current tenant exiting by showing the unit while occupied (vacancy is typically less than 3.5%).For a unit with a tenant that has taken good care of the unit (this one is in good shape), we usually try to arrange showings while still occupied by the current tenant.