If you use your attorney, it would seem this will add some layer of protection against that concept.

It's the first factor in the economic concept of the factors of production; land, labor, capital and entrepreneurship.

Everyone person has a different twist on the same idea or method.A financial advisor has seen many of these different concepts for making and keeping money to build wealth.Do you know the difference between being rich and wealthy is?

Bob Lowry The 2% "rule" is based around a 25-50K house and like Jon said assumes a 6% interest rate, so obviously as you start messing with the basic concept it becomes skewed and doesn't effectively work anymore.

Please bear with me.The thought of "rent credits" should be wipped out of mind, the words never spoken, the concept forgotten and there should be punishment for even thinking in those terms....

I explained the concept to him and he basically told me that he doesn't really have experience in it because he doesn't think that is something that the Long Island market is good for.

In the homes I sold using this concept, I transferred 100 percent of maintenance and repairs to the tenant.

I really don't think these are hard concepts to garner.

Primarily because he misunderstands the concept that the US federal government is the monopoly supplier of the US Dollar and thus a currency issuer, whereas you and I and businesses and states are all currency users.

If you have significant capital to invest (I don't know your situation) a safe bet is partnering up with a hard money firm and becoming a transactional funder - kind of the same concept except you don't end up being a slumlord...