Here's some high lights and searching BP on Safe Act and lease option will find the experts here. - LO to the owner occupant can't be longer than 3 years or the Safe Act considers this an installment sale and the buyer/occupant has equitable interests.

He has rented the property now for a couple years, and the neighbors always be sure to tell the new tenants, "Did you know that.....".In a very sensational local case of a multiple murder house, the house was foreclosed and eventually was torn down because of the notoriety and gruesome details of the crime.

There are threads on theFastlaneForum.com with specifics of all of my deals, but here is a quick highlight of the current state of my apartment deal (I will be starting another thread because I have a question on how others might address the basement renovation financing situation with the property): Purchase: $210,000 (REO); 2-units rehabbed and updated by the bank, garden unit not yet finished but the framing is completeDown 3.5%: $5,000 Earnest, $900 at closing (seller covered $7,500 in closing costs, also used to buy the FHA rate down to 3.25%)Capex: ~$8,000 (Updated door hardware, amp service from 100 to 200, coin-op laundry machines, etc)Location: 1 block from Brown Line in Chicago (great) on the North SideComps: Property across the street, similar layout sold for $300,000 in March (had slightly nicer finishes, unfinished garden unit)Rent Roll: Unit 2 - $1,300 with parking (3 bed, 1 bath...currently under market since rented November 1st) Unit 1 - $1,100 (live in 2 bed, rent one room at $550 and currently use one parking space worth $150/mo, renting out beginning next month) Garden - $950 (2 bed, proforma for rehab; will cost $15,000-20,000 to rehab) Laundry - $30/moNOI @ 45% (brand new water heaters, furnaces, appliances, etc): $17,030PF Basement Reno NOI @ 45%: $23,430As-Is Cap: 7.8% (yuck!)

Huggy Baird - Any well written post on a blog on our member blog system will be highlighted on the front page of the system.

Put together an investment prospectus that outlines the numbers and make sure you highlight what the lender will stand to make from funding you.

I absolutely appreciate it.Otherwise, for those who may not have seen this elsewhere, check this out (click to enlarge):That's a screenshot from a minute ago of the top business podcasts on itunes . . . notice the red highlight??

It's a phrase to highlight a key point in investing -- that if you want to consistently make money, you need to make the right choices at the purchase more than anywhere else in the process.That said, I will concede that you don't literally make money when you buy (unless you finance for more than 100%)...and also that muscles don't really have a memory

Highlight their problems and tell them how you can solve them.

From what I gather from reading the highlights of the material, acquisition costs are added to the cost of the land; so you are not amortizing separately.

I also like Draw Free - also for the iPad for highlighting things like this: