Outcome was better than anticipated and rents are higher than I expected :) What made you interested in investing in this type of deal?

Outcome was better than anticipated and rents are higher than I expected :) What made you interested in investing in this type of deal?

In Dodd Frank, they anticipated that some might carry paper to get around Dodd Frank (not that you are doing this) and therefore they also "cast their net" over seller carry backs.Most importantly, please don't rely on what I say, except to inspire you to seek legal advice (which I am not qualified to give) from a qualified attorney in this area, and structure this so it doesn't get you into legal tangles or possibly worse, interaction with the CFPB.

With rent increases like this, it almost justifies buying with neutral cash flow in anticipation of raising rents.

Took me longer than I anticipated but I learned quite a bit.

It can cost thousands to repair damage done by a bad tenant....and it did cost me quite a bit more than anticipated.

Keep in mind the real costs (financial and stress) of class C/D properties can really add up and devour any anticipated ROI if not careful.

Some RE professionals are recommending selling Ca. properties in anticipation of a market correction and investing in multiple properties in other states.  

You anticipate making $10k per year cashflow and selling the property in 10 years for $150k.  

It was the book looking stuff that set off my BS Meter, anticipating what is to come later.