We are the owner and landlord of the properties, not the operators.

That new owner then makes the payments to the lender even though the loan stays in that previous owners name. 

In a business, I’d say owner “net profits” (exclusive of any owner salary) of $200,000- $1 million.  

I've used Magnolia title a lot, Josh Hunter is the owner and has bought properties.The weird thing about the tax professional is that they are saying the value has to be 400k but i don't see why.

I am also versed in Novations, and owner financing.

@Bryce Jamison As long as the previous owner keeps up with the maintenance of the home and keeps it in good condition, I tend to favor older homes in established neighborhoods.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?

I'm a central CT based investor, flipper, and property management company owner. 

Balloons are not allowed to owner occupants, but you can raise the interest rate at 5 years.You should be able to at least get out clean in Austin.