This is essential for lenders or CPA.

It has taken the last 6 months of the year to come to terms with an essentially game changing mindset: "Track the input and let the effort determine the outcomes"Initially I wanted reach a goal of $100,000 in a year wholesaling real estate.

.:  10% return relatively risk free due to less interest payment and more principle paydown without significantly effecting the leverage ratio.   

The chances of you taking $150,000 and turning it into enough passive income to be able to live are as likely as you taking $150,000 and putting it in the stock market and living off the principle. 

This will essentially vacate any right of tenancy the prior owner of the property may seek to engage. 

Hey @Cameron Wells so the tiny homes on wheels are not real property, they are essentially RV's.What I would find out is what the property is worth bare.

Same principle for rents.You posted this under land and new construction.

The numbers are a little different ($50k down, 5% interest, property taxes $5k/yr) but the result is essentially the same.

This is essentially where we are at now, and just lack my signature to make it happen.

In my case, I wasn’t sure my land qualified because it was essentially my back yard, but because it was always a separate lot from my house, I was able to still do it because raw land without improvements on it is always considered investment property.