An engineer would call it Hard Money a marketer would call it Private Money and a sales person would call it an incredible enabler, landing an investment you otherwise could not.3. 

The downfall is that now you have to send someone out to read them, unless you get wifi versions that will enable to be read from afar.

I’ve been self-employed for over 10 years (musician, massage therapist, landscaping, admin type consulting, data entry, catering, bartending, etc.) and somehow real estate has never been on my radar… until now!!

Of course assumptions concerning return and risk will have to be made, but this will enable you to see the Opportunity Cost of purchasing this property.

If you are screening them properly, that will enable you to verify their identity, income, rental history, etc.

There are other, lower-priced rentals around which would enable this, but much higher upfront costs with rehab required to attract tenants. 

That'll enable us to take depreciation-sheltered income from the homes over the next ten+ years (including quite a bit of bonus-depreciation in the year renovations are completed) which we'll never have to recapture. 

That enables them to ask questions about the rental with you present.

If you can, do the renovations yourself to keep the costs down. 2) Find a seller who will offer an installment land contract with terms that enable you to have a positive cash flow. 3) Find private money partners who will defer their returns.It’s not easy, but it’s possible.

It enabled us to leverage our situation and pay for schooling, which neither of us would have been able to do without this investment.