They have all been beautifully rehabbed, are in great condition, rented and cashflowing.They are not my properties.Thanks!

If you live in Michigan and can recommend a experienced accountant that would be beautiful! 

The beauty of commercial is that its all about the numbers and not emotion

I am going to list the high points below:List price $35,000.00Negotiate down to $29,750.00 (15% reduction)Down payment of 15% = $4,462.50My principal = $25,287.50Interest Rate = 5%Term on loan = 15 yrsNote = $199.97Sale price to lease option holder = $44,625.00 (1.5 x my purchase price)Down payment paid by buyer = $4,462.50 (10% of purchase price)Buyer principal = $40,162.50Interest charged to buyer = 8%Buyer term on loan = 15 yrsTaxes = $50.00 (added directly to buyers monthly payment)Insurance = $50.00 (added directly to buyers monthly payment)Buyers monthly payment = $483.81 (Note + Taxes + Insurance)Buyer covers all maintenance and repairsMy monthly profit $183.84The beauty of this plan to me is that the amount I put down in a down payment is the same amount that the buyer pays me in a down payment which causes me to have ZERO money on the table when they start making monthly payments.  

It was built in 1952 and could use some upgrades (rotted out bathroom floor in one unit, rotted windows, and some aesthetic upgrades among others.)

It was built in 1952 and could use some upgrades (rotted out bathroom floor in one unit, rotted windows, and some aesthetic upgrades among others.)

Probably original hardwood floors, beautiful classic design.

Beautiful after pics!

This is the beauty, of BiggerPockets. 

The beauty of MFRs is you essentially have one house in the sense of insurance and taxes.