all inclusive deed of trust "  give that one a read..the risk comes if your the one with the underlying mortgage and your buyer defaults.. the buyer is in title and your need to foreclose them off... this takes time and money.you need to keep paying on the underlying mortgage other wise your credit is shot or you could lose your 90k you put down.for VERY cashed up investors this works.. for those trying to do this with minimal cash.. it can back fire big time.there was a group of investors who got this model in Oregon through a guru pitch deal.. did about 30 of them.. within 18 months half had gone bad and they had no way to cure.. i stepped in and cured a good number of them but boy were they in hot water.. in this case it was owner finance from the original seller  ..

If, after examining expected P&L -- inclusive of taxes, Insurance, maintenance and debt service -- cash flow is negative... an experienced investor typically will adjust maximim allowable acquisition price to generate his/her minimum acceptable cash/cash... based on an achievable market rent with modest capital improvement.Consider sourcing deals from local wholesalers in your area... i.e. local REA, HomeVestors etc. are a good place to start. :-)

Parts of this may be out of date, as ordinances change fairly often in my experience:* No rent control: Montclair, Secaucus, Kearny, Garfield, Carlstadt, Wood-Ridge* No rent control for investment properties upto 4-units inclusive: Jersey City, Bayonne, Bloomfield (upto 5 units)* Vacancy decontrol (very high level, alphabetic): Bayonne, Belleville, Cliffside Park, Clifton, East Rutherford, Edgewater, Elmwood Park, Fairview, Hackensack, Hoboken, Leonia, Lyndhurst, North Arlington, Nutley, Passaic, Ridgefield ParkP.S.

Their analysis tools look really great but of course come at a price - especially for the more inclusive versions with accounting spreadsheets/etc.Any thoughts on the best way to go? 

If your uncle has financing, he can still do a all inclusive trust deed which is sorta like a mortgage that wraps around his mortgage.

(In CA we have something that is called an all-inclusive deed-of-trust that works for this.)

This isn't inclusive but should give you a good start.

I was comfortable with the inclusions for the lease but just last week they got the addendum added for my proper name and I have not been able to add this to my insurance yet because I still don't have an updated copy of the lease.2.

This isn't inclusive but should give you a good start.

Did you have an inclusions/exclusions form provided to you as apart of the disclosures?