My name is Andy and I was just browsing the web page and came across your post.

Good luck on your web development app.

I suspect there is a different mortgage or sales price involved to produce that profit.  

Technically more since you probably don't commute on weekends and they'll be producing more content during those 3 months.  

If I offer an interest only return of let's say 6% for X amount, how can I prove to the lender that I can produce?

Normally I would serve a 30 day notice to quit in this situation.Upon further investigation, it seems the tenants are related to the seller, and neither have produced a written lease yet.  

Stephen Chatto I'm not a Lawer but my dad is a retired broker he has a book on real estate laws in New Jersey, I am not a Lawer but from my understanding As a wholesaler (flipper) you are considered a broker especially when met listing properties on the web , police can fine you in different ways as in practicing with out a real estate or business license (which is usually the case)NJRS §45:15-1.

This vacation rental area has exploded - so there are now quite a few cool tools to see what you can expect for rates and occupancy by address or zip code - just do some web surfing and you'll be amazed.    

The rental has a mortgage and while I did find an article that spoke of not violating this clause since the property is not changing ownership, I'd like to find out some more about it before taking steps.This is the web site where I first found statements eluding to the implications of the due of sale (still researching):http://www.creonline.com/beat-the-due-on-sale-clau...This is about 3/4 of the way down the page under Enter the land trust "The trustee holds title for the benefit of the grantor.

Yes, you want current income and a personal portfolio, but over the long term, that Roth IRA if invested well can produce a whole lot of tax-free money for you in the future.