I try to maintain a balance, and very much try show I appreciate them for what they do for me financially.

Spend some time getting your personal balance sheet ready to invest.

The amount of interest is the annual rate divided by 12 (i.e, the monthly interest rate) times the outstanding balance.

If you don't plan on doing any more deals together then by all means deposit the check from closing and cut checks to yourselves for the balance when you close the accounts.

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.