Minimum 20% DOWN, Accept SELLER'S EXISTING LOAN TERMS WITH AN ALL INCLUSIVE DEED OF TRUST.

While this isn't all inclusive it's a least a great preliminary check.

Note that this is NOT inclusive of cash-flow generated by leveraging or selling the asset used to generate this operating income.

--identify and choose online rent payment system--verify mailing address--determine how to turn one mailing address into 2 apartment addresses through USPS--develop packet for new tenants with utility phone numbers, my contact info, etc.These are a few off the top of my head, and certainly not inclusive.  

They recently changed their name from Washington Apartment Association to Washington Rental Owners Association to be more inclusive.

@Steve Vaughan  unfortunately the seller does not have the right to collect the rent they don't own it.NOw if they would have done what I always would have done when I was doing these as a seller I would have done a wrap.. in CA its called a All inclusive trust deed.. .. the buy buying it still buys it.. but they owe ME the payment like a seller carry.. and I make the payment on my loan thereby knowing instantly if they are defaulting... when you default to  a lender it usually takes a bit to find out ... and the damage to your credit is done.. .also with the AIDT you have the Assignment of rents clause that lets you go after the rents...

It's all inclusive..really not that expensive in the end.

You asked about Detroit.Total cost all inclusive including purchase, repairs, and painting will be about $7000-$8000.It will rent for $825-$850. 4 Bedroom Dining room Sun room and 2 car garage!

(approximately 19.5 years fromclosing) My note would be collateralized by an all inclusive trust deed on the subjectproperty.

When you bring up “selling on terms” I think it’s very confusing to most people.So I keep it simple and I don’t use “lease with option” terminology and “subject to existing financing” and “wraparound mortgage all-inclusive trust deed”.The upfront agreement basically talks about what you are willing to do as a business person, and sets the stage for not coming back ever.