First, as Jonathan noted, the Hands off investor is a great resource to start thinking about what you are getting into and the basic diligence that is needed.You noted Passive Pockets.

And my current DTI is basically zero as I have no outstanding debt or living expenses right now.

Can someone please let me know the mechanics of the recording process on an owner-financed deal?We write up a deed and execute the sale. The deed gets recorded at the county level in NJ. Let's assume there is no CO ob...

thanks for that so is 1.5% bad bc that's what that person messaged me  there is no regulation on Transactional funding basically its whatever you can negotiate.. 1% is the going rate from most.. some will be higher some will be lower.. just google around for TF funding and and talk to a number of those funders to find your best deal.there are half a dozen of these folks or so on BP that do provide this service maybe they will catch this thread or maybe you do some snooping around on the site and find them.

In our property, the house was open to the air in the damp environment of coastal Florida, no heat or A/C at the house.  

All your first set of questions can be answered by looking online or calling several local competitors.Your accounting questions though, show such a lack of basic knowledge that you probably shouldn't be doing this until you have more experience.

That is your interest cost basically.

Basically, the higher the ROI you want, the more riskier properties you'll be forced to target.

It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.

@Jon Taylor I agree with those basic generalities.