If a single-family owner-occupied property is worth $400,000 - I wouldn't invest more than $280,000 (70%) in a note secured by the property.ITV takes priority over desired yield - so even if the note discounts to $350,000 based on desired yield, the investor still won't go beyond their maximum ITV. 

When you own a rental, you can depreciate the property over 27.5 years.

Hey all,Just wanted to introduce myself - bought a duplex in Los Feliz over the summer with a few business partners and will be renovating the property while living there.

I would spend time building your list of WHO (agent, mentor, contractor/handyman), then WHAT (house type, tenant base, work needed), then WHERE (location).

Asking strangers how to spend your money is a fool's errand.

The drop reflects broader national trends of economic recovery and increased stability in the housing market over the past decade.."2010.

We lived all over Farmington Hills, Livonia , Westland and have properties in those areas.

It's very tempting when you look at what you'll get pais out over the 30 years as comparedto the selling price.

We do have a few other investments besides RE, but they are baby investments.I'm very comfortable with my RE investments which have proven themselves over the last 30 years.

We have worked with a business note buyer over the years and the yields are in teens.