You can own your properties outright (poor use of capital) or you can own your properties on paper.

It is not a good measure of determining whether or not a particular deal is good, especially small rentals, except as a potential hurdle for further analysis.On paper your deal looks OK.

This is how I would structure this deal Shequila:Offer price: $65kDP: 20% [$13k]Seller carry paper: $52kLoan term: balance amortized over 15 year at 5% interest Exit: Balloon Payment at Year 10 [Seller might counter this, so use as a negotiation element (reduce to, say, 5 years)]Monthly payment to Seller: $411.  

I envision two additional retail spaces on the 1st story, one of which would be a paper/scrapbooking store operated by my wife.

How to maximize your profits shown on paper as your “ARV”.

I do not allow myself to be snipered or surprised.I use paper...

I envision two additional retail spaces on the 1st story, one of which would be a paper/scrapbooking store operated by my wife. 

They advertise them in the newspaper or what used to be the news paper...

I'd be prepared to sign a ton of papers haha!

@Brandie Lyons Owner financing only works when the seller can advance the purchase money to the buyer and hold paper.