Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).

Where do you live now and how did you choose those markets?

Hi Justin, Since it looks like this property, as mentioned above, is exclusively an investment, what did you have in mind from a business plan standpoint?

(adjust cost basis - net sale = net gain)Once you have that you can deduct state and federal taxes from that figure.It doesn't sound like it in this scenario, but if you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion.

Very few even grasp what this means, it means to HURT, to exist in a state of PAIN, to choose to live in pain in so many ways, so many aspect, because one is choosing to SUFFER on so many aspects of life, to afford the total dedication and allocation of EVERYTHING to that ONE-THING that truly and most importantly matters at this stage in the plan.     

Stay on that path and you will be financially free (if you choose) within 10 - 15 years.

Sometime in the next month or 2 we plan to choose the exact property.Short-term goal: Buy a turnkey single family or duplex which cashflows even after accounting for management and saving for future vacancies, maintenance and capex.

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

I’m also choosing these properties because I want to be able to put a large down payment on a personal residence and my idea is that these properties are worth far more so my options to take out larger sums of money will be easier. 

This will be our first flip, so we’d love your input on a few design decisions.Siding ColorWe need to replace the vinyl siding and are torn about what color to choose.