If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

If you make the new property your primary you could put a lot less down depending on the property and the bank you use. 

But if CC companies/banks want to offer 0% interest for a period of time, I'll try and figure out a way to take advantage if I can!

Zoning varies, so always check the local regulations for your specific needs.Financing: While cash purchases are common, financing options are available through local banks and credit unions.

Quote from @Scott Meech: Quote from @Jamie Banks: Hi Scott,When determining if a property is suited for MTR you should do some research on what brings people to the area who need to rent midterm.Thank you.

You can request recent pay stubs, an employment letter, or bank statements that show regular income.2.

If you do it correctly and have the correct paperwork its a great way to buy property with little or no money down.Seller financing is the "Seller" acting as the bank with their equity and loaning the buyer that amount of money for a negotiated period of time. 

Here's a record of the non-payments (judge: but there is nothing on this bank statement) exactly...that's my bank account for the rent, and it has not been paid.....so then the judge will turn to the tenant and ask for proof of payment. 

Opening a bank account is one, filing and paying taxes is another.   

Depreciation isn't an actual cash outflow [because we+the bank made the actual cash outflow at closing], but we get to write off the cost of the asset as an expense over time.Since cash flow doesn't equal net income, there are different scenarios that can happen. 1) Cash flow can be higher than net income.