ARFs and RCFEs are staff intensive so this would work for the direct Immigrant Investor.

hey Deadrick, it is a long shot, but I might be willing to negotiate and follow up if it is a good location.If you want, send me his details, and if I ever work out a deal I will of course keep you in the loop.

I am very interested in hearing how this deal continues to work out for you.

@Dawn Anastasiif you did do a rent to own and the previous tenants did not get the deed with it how does that work out?

After the closing we had to go make a deposit because our old landlord had already collected all of the rent and what he owed us from that was more than we owed for the down payment.Those were the days...The partnership didn't work out (and let me tell you, that was expensive) but that one deal earned us  over $600,000 during the 16 years we owned the house. 

Make it a month-to-month rental agreement, which gives you more flexibility if the tenant doesn't work out.

One in particular seems like it's got potential to work out.

Fix and flips are far more labor and time intensive.

I think your plan of going from SFH to smaller multis is a good one. 5-20 units means commercial lending, so you can be a bit more creative on the financing, however, it also means more management intensive, since you can't afford an onsite PM or maintenance guy.Maybe you should consider finding an owner-occupied 2-4 unit as well, so you can take advantage of the low FHA down (3.5%) to get your feet wet in multi.

Work out your lease so that they pay when they have the money and they are never behind.