I spend time daily working on it, checking the chemicals and working to keep them balanced so that there's no living thing in it so I can use it, but because of the temps and weather, I haven't been in it much anyway.

Always paid the balances off.I do not come from money.Investing in Real estate has been a goal of mine since Jr high.

Maybe a declining principal balance lease/purchase?

If they had a fat car pmt and tons of credit cards with balances I might be inclined to say no but if just the opposite low dti I would say yes.

So, at the end of the year, it's easy enough for me to do a simple ROI calculation using my starting and ending balance sheets -- this gives me the information I need to evaluate #1 above.And, because I'm working in the business part-time and can track my hours, I can divide the increase in net-worth by the number of hours I put into the business to determine my hourly wage.

Currently own on a wrap.I hold title.The reason I am selling is I have some other big projects I am working on.There is a very well qualified buyer who has over a million in cash.They are going to basically take over my wrap position and the seller who owner financed me agreed.The way I was going to structure this is the buyer wants 3 more years on the note at 5% then cash out.I would get note balance amended as well to wipe out my cash credit from the seller that I had.Then once changes are in place simply sell to the buyer where I assign my rights and title to the property for a fee.The money I get will be substantial 6 figures.I will not have owned the property a year yet so whether I pay commission to my brokerage or have the corp for the apartment show a gain I think it will be taxed as ordinary income.The buyer is fine with this but was wondering if it should be structured to where:"I am not sure the best way to structure it, but I think the down payment needs to be part of the purchase price for tax/depreciation/refinance reasons.

From here a check and balance system - from processor (and all internal stuff checked corelogic/4506's etc) it goes to an underwriter who overlooks the file and signs off.

That's going to make it a challenge.Might well work as a sub 2, with that low mortgage balance.

It would be fun to break it down by state, by balance range, by vintage.There is a lot of imperfection iin this nichr.

We're in a balance sheet recession.