Please advise me can everybody introduce me the good property management company to work out my plan.

It dosent matter what you work out with the seller, those two things wont just go away no matter how you wrap up the deal or how pretty you make it sound with land contracts and property trust...There are no loop holes when money is do...Thats the reality without all the big words and red tape...If this financially makes sense for you and your family then go for it, i think its a great deal if you work it right...All just my opion...

If it does not work out I am sure you guys will hear about it !

Compared to if you saved your money and if the flip didnt work out, you would still have your primary residence.

@Scott Schuetz ..IMO..use money to invest and apply all cash flow to pay off primary quickly...Gazelle intensity...

If your numbers work out, this plan is brilliant.You should walk out with a few thousand in your pocket plus a nice rental producing about ~$200/month.

Get with an experienced commercial real estate agent and work out some sort of split.

@Mahesh K I have to say that I feel for you, this is one of those situations where no matter which route you end up taking, there are many possible pitfalls, so lets hope that things work out for you in the end, which is certainly possible, its certainly also possible that things will work out one way or another here.I really urge you to read this pdf file that I cut and pasted some of the parts of in my earlier post, I wish I could link to it but its a pdf download but just google "esa dog" and look for the "Right to Emotional Support Animals in "no pet" housingresult, its something I think was written by an attorney that sounds like he comes from the point of view of being an attorney that represents the people claiming disability.

Everyone has their own beliefs and values.Mine is if you can't afford to tip then you shouldn't go out to eat and should eat at home.I am not talking about children but adults.If someone is giving service it should be paid for.On the question of tenant mix unfortunately on my listings I get it more often than I would like to.When I ask why the investor says because of their experience of owning multiple properties over years and years they have learned certain things.I just tell them I can't comment on such matters because of fair housing laws and that gets me out of a uncomfortable situation.Sometimes on these deals my job is to close it and move on never to see a certain party again.At the end of the day the business isn't all roses.The investor will say if it's too much of this mix you will be dealing with this problem and too much of this this problem.I will say I do notice trends.For instance in eviction court when we had to go multiple times over 3 weeks to evict about 95% literally of all cases the tenant was XX but there were tons of other classes renting in the area.So all I am saying is that is an observable trend for the area and a fact that is present.I also know it doesn't include people who do workouts before the court date or leave on their own accord.

But if I put too much money and the bank does call it due I would be the one scrambling after putting money.I am trying to see if I can work out some other type of deal , pmts every month instead of any chunks upfront to minimize my risk.