THAT is "it works".Lastly... here is why being stubborn/stupid/ignorant/unaware/etc. etc. is dangerous (I an not calling you any of these names.. but the fact remains... irrelevant how or why you don't listen...).

Best advise I can give is treat your real estate investing like a business an not a hobby.

Are you asking if you can by a free and clear rental with a ll cash an not debt on it?

You would annotate/mark the transaction as such for accounting purposes. 

Again, this is just a general rule of thumb, an not necessarily the case 100% of the time, especially as you get closer to the coastal areas.

. § 2481w.First, it is a direct violation of the Consumer Protection Act for a non-bank lender to solicit or make a loan without being licensed and in compliance with all lending requirements (including interest rate caps) contained in Title 8 of the Vermont Statutes Annotated. 9 V.S.A. § 2481w(b).Next, it is a violation of the Consumer Protection Act for a payment processor to do any financial processing on behalf of unauthorized lenders. 9 V.S.A. § 2481w(c).Lastly, it is a violation of the Consumer Protection Act for “any person” to provide “substantial assistance” to an unauthorized lender, once that person is aware (or should be aware) that the lender is not in compliance with Vermont law.

A quick look over the financials: - I didn't see any insurance factored into the Actuals by the Seller, I do see that you have annotated it but it is not factored in, also for a 12 unit $2,200/yr. insurance seems relatively low, although it may be your area - you should certainly follow up and ask the seller who they use. 

Be clear to annotate all expectations in every single regard you can imagine.

Chris, What great insight - i will have to look at it in this example as well and runt he numbers long term to annotate for mortgage paydown nd potential equity build. thank you for this insight, it makes perfect sense. 

Hello Oren,I think the concept is a good one but I believe in California your an not allowed to utilize arbitration in a residential landlord tenant contract.