I've just begun kicking this idea around after a tenant has expressed interest in purchasing a SFH I own outright. Of course I have to perform due dilligence, but want to see what the PPOT braintrust has to say. As in all of my dealings, I'm not looking to take advantage of anyone, desire to protect "my" interests, and continue the "income stream" while coming up with a "win-win" for both parties. I've only talked briefly with my tenant (a LEO) before the holidays, and his wife is an attorney (DANGER
). Have any of you guys/gals done this, and what have you "learned" in the process...all suggestions and ideas are welcome...TIA!!!
ps: I do NOT want to be in the LL business indefinitely...it's provided a nice hedge, but man does it suck at times!