In other words, don't let the state suck you in to having to accept just anyone by meeting X,Y and Z, it's more complicated than that while being fair and reasonable.

Jonathan,Don't worry so much about the Y's, just do you due diligence and walk thur the deal.

I amlooking at a few different markets to purchase morerental property and since I am from upstate N Y I thoughti would check it out while I am there.

Originally posted by @Bryce Y.

Don't over complicate.Take purchase price, say $150,000$1,000 Down payment$9,000 Purchase Money Note (secured by Trust Deed or Mortgage) payable X for Y years$140,000 - Subject to existing 1st mortgage (approx balance, terms per lender's Note)You could offer another few lines concerning progressive release of funds on certain events like possession, etc.Also, you could offset seller's/attorney's concern about your payment of sub-2 loan by you giving performance trust deed that you will pay 1st or AITD Wrap of 1st and purchase money note to given them more control.

Are we out here discussing our investment criteria, and where to find it...Neighborhood X is great for flipping, Neighborhood Y is great for cash flow buy and hold.

Best,Andrey Y.

Of course if he is taking good care of your unit, to catch up, you might just tell him "I need x% more per week and then by month y"; Create a schedule that he is confident he can do, and have him sign it.

Warrendale / University / Rosemont (et all) English Village are some of the areas that are good and I invest in but there are others with no names that I know of and are just "North of X and S. of Y" etc....2.

Jane Doe / L Y,Anonymous posts for or against any company hardly garner any credibility.