New add: read post script at end!

Do the down payment need to be paid at the lease, or is it a option to be able to purchase at end of 3 month? 

This from someone who has a tendency to do too much research sometimes.

What I have done, however, is read, post, comment, take notes, listen to blogs and network with people on this wonderful website.There is so much information on here, that it can be a little overwhelming at times, and of course, there are differing opinions on almost every subject in regards to Real Estate (except for the awesomeness of this site).As newbies (for those who are), we have a tendancy to dive in head first without planning, having a clear vision and setting reasonable goals.

Balloon at end?

Also as said above, the bottom price has a tendency to change both up & down.

Real estate agents in general have a tendency to say that a property has positive cash-flow if it covers debt service and a minimal amount of vacancy and often ignores maintenence all together.

Not necessarily, I want to extend them to come up in the summer, or point out how much UNDER MARKET their current rent is and offer them a SMALLER INCREASE to sign now, increase to take effect at end of current term.You always want to increase rent EVERY YEAR (or every end of lease) in order to train your tenants to expect increases, and to encourage the good ones to sign longer term leases in exchange for SMALLER increases.TN apprentice wrote: officially charging them an above-market rent to make the property sell at a higher priceSounds like someone took "due dilegence" to mean "believing what an interested party told me" instead of what my own investigation revealed.all cash

Mike,:welcome: Good to have you on board.Your biggest problem will be a tendency to let other things take priority.

They have a tendancy to over estimate the actual home values, and under-estimate the repairs needed.