If you are that far below market rent, then you should consider terminating this lease and starting fresh with a new tenant at market rate.

Thank you for being a living example of my mothers first advice to me, “anything is possible, if you want something you have to go and get it!”

@Pat Aboukhaled You always give such great advice with super examples which drive home the points:)

Let’s use $1,000 in rent for each month as an example.

Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours. 

Don't be discouraged if there is a lot of push back from sellers or agents at first, many of them aren't familiar with seller finance deals or have situations that can't be solved with seller financing (for example, as was mentioned above, they may need a more conventional offer to pay off their house and buy another one).

For example, if I purchased a house for $800,000, then remarketed it as 4 (four) fractional ownership interests at $250,000.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Hi Nico,Thank you for your post, You mentioned that hiring a few virtual assistants (VAs) to cold call has been effective, and that text messaging is also performing decently,I specialize in identifying and revitalizing unique properties—those that are not typical, for example, I recently spotted a triangle-shaped property that has the potential to be transformed into something beautiful and valuable, either for living or resale, Could you please share your approach and any guidance you might have on the process of using virtual assistants (VAs) to cold call and the text messaging strategies that have been effective for you?

For example if it is a 60k job and it takes 6 weeks we will usually be able to send 3 invoices for 20k each in phases upon scopes completed.