Do you have some wholesalers that you are able to forward me so that way I can be added?

I target anything from grandmas house with the original house numbers and rusty mailbox to a house with broken down cars in the yard to a decent smaller house on a great lot that could be added onto or knocked down and set for infill development.

This is a percentage we worked out knowing I would be adding multiple properties. 

The increase of the basis will help you minimize the taxable gain when you eventually sell the house. 2) Improvements made on the rented side will also be added to the basis, but you can depreciate the improvements  on the rental side and deduct depreciation against the rental income.

He will purchase the house for what I have into it so any improvements he makes to force equity will not affect the purchase price, only the material costs that I pay for will be added to the balance.Here are my questions: He would like to make chunks of payments toward the purchase while he is renting and I have been told that once he reaches the 20% thresh hold he is no longer a renter that can be evicted, it then becomes a foreclosure.

@Michael P. terms including seller financing, who pays what at closing and when, what comes with the sale, etc...Pretty much anything that can be negotiated should be negotiated.And it doesn't matter if it's not the traditional terms, if the seller and buyer agree on it, it can be added to the contract.The thought process is, what can be negotiated to limit my cash out of pocket and or cashflow once operating the property.I once negotiated the purchase of a MHP where the seller carried back all but 100k in a second mtg, with no payments and no interest for 1 year.Not only did the fact that the seller carried back his financing in a second make it work that it was a no money down deal.  

I will be adding this to my list of podcast to list to.

@Rick Roberson, by suggesting that you look for bargains (only), and/or ones that you CAN value-add to for less than the value that would be added, I mean that unless that's your approach, it will be hard for you to REPEAT Buys after REFINANCING, using all/mostly OTHER People's Money.

@Matthew RogersI am trying to buy and hold the property (therefore I have looked up the rent around the area).I will not be adding anything new to the building other than what is absolutely needed (15k is what I have in mind)$1200 is after the repair. 20% down on the house (keeping 95k in mind 19k down)all the numbers are based off of 95kboth appraisal value is from the city website.

Does certain verbiage have to be added to the loan?