Receiving rent payment is your only issue, stay out of his personal life.This is one of the reasons I never rent to anyone that is self employed.

Another note I thought I might add from personal experience...since you seem worried about EMD and having time to find buyers (like I was at first)...  

@Amiris BrownI understand you were quoted $130K, but again that's one person's number.

I have worked with some investors that kind of use both for their own personal investments.

Preferred age of unit is no more than 40-50 years.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

@Aristone Louxz Congratulations - you made a very smart move, and at such a young age! 

. :-)I'm personally in the market for buy and hold.

“Five years from today, you will be the same person that you are today, except for the books you read and the people you meet.”So remember, surround yourself with good books and people. 

I feel I have received some non verbal criticism because of my age .as much forums and podcast I review over and over I'm still left deal less .