So before doing it I would run it through with your lender, how much you will put on CC, what the min payment will be, where you score is at now, and see if he thinks it will be enough impact to prevent the refi

They can give advise on which area to buy, help you analyze your prospects, and prevent you from buying bad properties.

Will financing it as a second home prevent us from being able to get all the tax advantages of investment property?

Jobs in common, similar beliefs in preventative property maintenance, etc.

I pulled in my lawyer and we formulated a series of statements to prevent this from happening and everything (so far) has turned out well.Moral of the story: This guy was a really nice guy when I met him.

If you decide to sell, I’m sure he will be combative and do whatever he can to the property to prevent the sale.

Yeah, intrigued as well, but as you've mentioned to me before, this is more of an appreciation market and will definitely be collecting data/numbers to prevent any emotional buying. 

And, clarity for bookkeeping and tax purposes.While practical considerations prevented using the LLC for asset protection purposes, it has still be very valuable. 

-is there any preventative and/or deferred maintenance I need to be aware of (i.e.; HVAC, water heater, roof, flooring)The owner requires a letter of intent to buy before it can be showed.

What should I do to prevent myself from becoming part of the 87%Thank you responders, advice is super helpful