Additionally, most credit analytics that spit out a risk rating that are based on historical data are backwards looking, meaning that for the statistical analysis to be accurate, the future would need to look like the past.

He is a financial advisor worth his weight in gold. 

You will often have to overpay, but make sure you are not being fleeced by grossly overpaying or taking on someone's problems.You'll also want to have access to additional funds, via credit cards or line of credit, to handle repairs & maintenance issues.

The rough details are that this would be a 5-year lease, with the Investor's right to renew for an additional 3 years.

I tend to speak to real estate agents but do not put as much weight to many as they have more of a bias in regards to markets since its in their best interest to get you to buy or sell.

Be sure to weight out these options thoroughly.

Good to meet everyone.

Realtor - the right realtor is worth their weight in gold, so don't discount their expertise...you'll find some awesome people to work with here on BP.Expensive - Appreciation or cashflow is your real question...what's your current job and plans for the future?

I am also concerned about overdue property taxes, as the addition was not documented by the county.Thoughts?    

I believe an additional layer of detail and sophistication is required.