Please refrain from making recommendation which will result someone's IRA disqualified if you don't understand the rules.Laura, there is a lot of misinformation on this topic online so be careful who you listen to.

The long term mortgage makes sense.If you have others that make 500k,1 million a year in income or more etc. they really do not care as much about cash flow.

I kind of regret that choice.That is what I wish I had done when I lived in Korea.If I could go back and do it all over again.Take Care

What an incredible concept.

Yes, this is not something that any landlord will agree with, not any landlord who cares about their property anyway!

BE VERY CAREFUL.

I think they also own 5 more gas stations in the area. the storage unit facility is NOT being taken care of and may not even be bringing them ANY income at all.

Take care of your bills and your credit will improve.Dave Ramsey's "Total Money Makeover" is a great book for starting to get your financial house in order. 

I feel I am late to the real estate endeavor, but hopefully my skill set puts me at an advantage in that I can take care of most issues myself. 

You should pitch the terms. 50/50 profit share of net proceeds after the sale of the home. outline all responsibilities so that it shows that 1/2 of the work is taken care of by each of you. be open to other small edits she may propose.