After repairs and vacancy, etc, maybe 1100 to 1150/mo net profit?

The seminar business is a dirty business, and unfortunately, many of the "seminar guys" out there have one agenda: feeding you enough content to keep you in the game but not really teach you anything you can monetize until you have exhausted your savings and maxed out your credit cards.

Hello Monet!

So for those of you who’ve followed my previous post on getting my first rental property via seller finance, I wanted to follow up and get some insight on some of the terms we’ve agreed upon and accepted (In escrow now) the terms are as follows.Purchase price $44kDown $500Note $43,500 financed at 8.5%9 year interest only payments $308.13balloon payment of principal at the end of year 9 (refinance)Rent $650-$680Property Management: 10% - $65/moInsurance: $43.75Taxes: $340.20/yr = $28.35/moVacancy Rate: 8.8% - $57.20/moCapex aka Repairs: 5% - $32.50/moNetting between: $115.07 and $215ish (not the best but something) My question is, with the terms agreed upon, I realized that because I’m paying interest only (Cashflow purposes) for 9 years and having to pay the full principal amount in 9 years, Does this mean I’m depending on the market appreciating?

Once you acquire title, you need an exit plan and you should decide how you intend to monetize your investment and budget for C/E liens accordingly.

The investment makes it possible to monetize the patents or marketing plans.

It's important to know if your correctly monetizing a property.

@Jessica Chow There are couple other options.Option 4: Look into monetized installment sale.

Hoping to monetize of the leads in the meantime if I could.I also have a full time job for the family business that I will probably never leave and figured I wouldn't have time to really market properties well as a realtor. 

If you are going to accept animals even though you are not required, I highly recommend monetizing it.