Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

But that only if they come to you.

I was willing to work with him as I have worked with others in the pass who lost their jobs and struggled with rent but they were always forth coming, clean, and came to me to work with me to stay.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

Some people may go higher end, but naturally it depends on the property and neighborhood.

Come from contribution.   

I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

I have some cash, but likely not enough to fund a purchase without bank financing, and especially not when factoring extensive rehab costs into the equation (may need to up my knowledge on creative financing to bridge this).

You can also rack up a massive degree of fines.