I have not found much about anybody doing this type of thing, could this work out logistically or financially?

@Jennifer Wilson I would get in contact with all the wholesalers you can and work out a deal with them.

In fact if you have one to rent in that area early next year maybe we can work out a deal when I send the crew down there then.

If research shows a bunch of alternative sites you may not want to rock the boat as much.These national tenants although they do not tell landlords have alternative sites they have been researching way ahead of the lease coming due to have a backup plan if negotiations with the current owner does not work out.

Free rent for 25,000 at 600/mo would work out to be about 3.5 years but I would probably at least charge something.

But it just doesn't seem like those numbers work out.

If they do not work out can you afford lost rent possibly for three months or more plus lawyer's fees and court costs?

My main aims of using Bigger Pockets are:- to learn more about real estate investing- to build relationships with other agents and investors- to find wholesale deals- to post the occasional wholesale dealIn my spare time I am a boxing coach at Box N Burn in Santa Monica - try it out, great workout!

I would not change the locks until you worked out a new lease deal with Joe (unless you feel there could be violence, which if Jane is crazy, a new lock will not stop her).If Joe is unable to handle the lease on his own, or work out a deal to settle up and start a fresh lease, I would just start the eviction process.Joe will either come to the party, or maybe just bail.Either way it sucks, but it is better than getting sucked into the Jane and Joe drama vortex.Michael P Currie

You also have the option of making new contributions on a Roth basis, in which case you do not get a deduction on that income for setting it aside into the plan.Whether the math will work out in your favor is the tricky part.