Just because its a good deal on paper does not mean its actually a good deal.

I have been getting these for ( well my dad got them in the 60s and 70s  LOL so not sure when it started).There are brokers that specialize in mid term commercial paper which I have termed  Turnkey Note buying..

@Moises SuazoCreative Finance, like lease options and land contracts as an investor are tough in expensive markets where PITI does not come close to market rent.If you want to do queens local business, look at multi family, small apartments.Like @Doug Pretorius said, get an option to purchase agreement and sell the paper for $10K. 

@Yan Guo , in my experience, they aren't worth the paper they're printed on.

When it came time to choose a lender, I decided to go with The Bank because my refinance went so well and because they already had most of the papers required for the purchase.

Show them on paper how you plan on making money and which type of real estate you picked. 

I'm trying to avoid the mistake of managing by spreadsheet (i.e. adding a 3rd bedroom to a very large unit - ~ 1500 square feet) will increase the prospective return for the investment, which looks good on paper, and remember to balance that with property level considerations, quantitative considerations like getting the best tenants.

Everything else should apply to any residential rentals since you will need the same papers in order to evict. 

I have a brrrr i am current in the rehab stage on and need some advice.The house is on paper a 3bd 1 ba row home. in an area where within the 2 neighboring streets all of the home layouts are exactly the same. nice solid brick construction row homes of same size and layouts.heres my problem... one of the bedrooms and the only bathroom extremely small. a I am seriously considering enlarging the bathroom into the small bedroom to have a normalish size bathroom and a hall closet in exchange for the tiny bedroom.The tiny bedroom is so small that the township considers these houses 2 bd units and therefore only allows 4 people to occupy them but when the home values are appraised they are appraised as 3bd homes.

I felt somewhat trapped--wanted to maintain good relationship with MIL & her husband(who bought house and are going to be a permanent fixture in the neighborhood), but DIL & BF didn't look great on paper.