Myth: You never have to worry about getting your rent when you have section 8 tenants.Reality: rent payments can get suspended if the unit fails annual inspection, even if the items that caused it to fail are the tenants fault.Reality: the tenant portion of the rent is never guaranteed.Reality: if a tenant wants to leverage you for an upgrade, like a new stove or a new refrigerator, they can cause housing payments to get suspended by filing a complaint with their caseworker.

Most “Gurus”, authors, advisors and experienced real estate investors preach obtaining seller “carry back” financing for property buyers in order to (1) obtain financing when they don’t qualify for a 3rd party loan (2) obtain financing when the property doesn’t qualify for financing and or (3) extend the “buying power” of their capital contribution (down payment) to purchase a larger more expensive property by having the seller provide a subordinated mortgage loan.That’s all and good, but why should the seller agree to finance the purchase of his property, instead of getting CASH for his equity?

I would say about $8k average, sometimes reaching towards $20k depending on length of run and the difficulty of tie-in to the City main.I would not, as a buyer, wnat to take a chance on this..even if they are working well now, it is a ticking time bomb and a large expense.So I would wrap your head around the concept of offering a credit towards this item.

On the residential side my experience has been that any cash flow I accumulate gets eaten by major “replacement” items every three years.  

That would leave you with $230k to do the renovation, and cut down your negative carry by 2/3. 

It is best to provide them with a checklist of items you are requesting.

The first line of item #1 of the note should be:Who is that.

Lets say that i have a total of $100K in total losses that have been carrying from prior years from all of my rental properties combined.

The FEW who will touch mixed use would never touch it with the seller carrying half the loan.

I would personally rather have the $120k and get to use it or save it and let the bank carry the note.