This means your $100k market value purchased for $40,000 (which would be pretty reasonably reduced by $49,500 if you had only the committee in the room) will be rebutted to include the $35,000 of materials/labor you put into the property for a probable final value of $75,000. 4) Consider an attorney, I have retained a trusted attorney for my appeals.

You should consider an ALTA survey and make sure the easements and other matters in your title commitment are addressed in the survey.

Run, don't walk...and you might want to consider an umbrella policy to cover current and future holdings. 

Would you ever consider an applicant who talked about (as to why they are moving) how they had to withhold rent and take their previous landlord to court (I'm not sure who initiated actually), even if they were completely right and justified?

@Dexter Harris @Guifre Mora @Todd Dexheimer Agree with you gentlemen on the suggested numbers to consider. An

@Brian Mackey In the interest of not completely wasting your time I would first see if the owner is even in a position to consider an owner financed offer both in terms of his financial position and his knowledge base of even knowing what owner financing means.

You may want to consider an S-Corp for that line of business.

If the interest on the investment property's HELOC is not able to be written off, would it make sense to consider an All In One loan instead (which is considered a 30 year note but is revolving simple ave. daily balance interest ) instead of the HELOC?

But I love my wife, and she is on board with me investing, so my plan and my goals align with our thinking.In closing, while I don't recommend a cash value, you may want to consider an "income goal" per month that can be obtained via a job, real estate, or investments...and then back into that number to see what it would take to get there.

Maybe consider an s-corp in your mgt entity selection if you get serious about rentals.