Rentals do not spin off a lot of income

Great Post Alan, I would like to spin off another question from your post.If you had a million dollars to invest and the objective was to earn a yearly income or cash flow after all expenses of $100, 000 per year from it ( in other words 10% Cash on Cash return) and CANNOT borrow anymore money from the bank as you have hit your maximum limit, how would you do it?

When I do seller financing it won't be like the bank with principal reductions weighted to the total loan but to an amortized reduction to each property as if they were single loans made, it's easier to devise and communicate to a seller, it also allows getting rid of any dog in the deal.Lastly, if there are properties to spin off, I always tell the seller.

She is just spinning a tale.

If I said I will sell you a house valued at $100,O00 for $10,000, but u r flat broke, I guarantee the wheels r spinning a million miles an hour on how you would get that 10k and you would get it.

You're seeking the lowest cost loans that are "conforming" and are originated by your banker/mortgage company, and are available for them to spin off (sell) on the secondary market because they are Fannie Mae/Freddie Mack "conforming" residential loans.

My husband and I each work full time W-2 jobs, and the plan is that two of our adult sons will do a majority of the rehab work- but they can't start until June so we're just spinning our wheels. 

Or more profit depeding on which way you spin it. 

You might also take a spin around this site. 

The books have already been written, they are the Fannie Mae Mortgage Underwriting Requirements, Freddie Mac, FHA, VA and USDA are pretty much the same with spin off requirements for unique programs.