So in your example, I'm going to make the following assumptions:10,000 income (was vacant for 2 months - actual rent is $1000 per month6,000 mortgage payment2,000 HOA1,000 utilities during vacancy period6,000 depreciationOn your tax return, you don't actually get to deduct the principal portion of the mortgage payment, so your loss will be something less than 5,000.  

He'll tell you to adjust if needed and put together all the disclosures required by law.For me to structure it, I need to know what the seller's PI (principal and interest) payment is.

This is a unique deal as upon refi the investors get their principal back, plus an overall 20% yield on their money and they exit the deal.

You don't even have a relationship with the principal. 

Jimmy, get licensed it's easier to have access to the MLS, and if you do Florida lease options you act as a principal and not as an agentAlso search " lease options Brian Gibbons " on this site and you learn a few things about lease-options 

Principal Instruments of Transfer – Deeds etc.8.

Have you thought about putting towards your principal to pay down your mortgages faster?

Get educated or your principal will disappear.Real estate investing is a business and should be treated as such.

It's a form of price arbitrage whereby a wholesaler contracts with a seller principal as intermediary between buyer, making a profit on the difference.Probate real estate is no place to start.

And, agents tend to over-formalize and "complicate" things because that's what a principal needs when stuff goes sideways and the buyer and seller both think they're right.