Pretty much summarized the best two options, but since the investors are older, there is a third option. 

Ok, so let me try to summarize the advice here.1.

This is an effective rate of 14.3%.To summarize the example the W2 employer would pay $7,650 in payroll taxes and the W2 employee would pay $7,650 in payroll taxes.

This exercise will help you ascertain the terrain, location and its fitting into your ideal property.(8)PROPER DUE DELIGENCE: This is the most important aspect of the whole tips and actually summarizes it all.

To summarize your deal, it sounds like you'll be roughly 80k in on a home with ARV around 100k, rent around $950.  

@Andrew Ortego, here's an earlier thread that'll show you the sort of thing you could be up against:- https://www.biggerpockets.com/forums/311/topics/30...Shannon summarized the Bank's response to her pre-foreclosure Offer this way:- "They flat out rejected my offer and told me not to contact them again regarding buying this home because they'd rather go through the foreclosure process.

Basically this form will summarize all of your rental income and the expenses giving you a net rental income which will appear on your Form 1040.

Hi @Caleb Heimsoth, I read @Ali Boone's  book Turnkey Rental Properties 101 and thought she made some good points about the value of working with a promoter vs. working directly with a provider - super summarized, providers have a vested interested in selling you on their market and their properties while a promoter may work in numerous markets and with numerous providers and can be slightly more neutral about which one you choose. 

This is one of the reason why interest rates in EU have been lagging substantially  behind the US.To summarize, since it is your first time, I think you should go with the strategy - the best offence is a great defense.

She has to sell, she can not receive money at the close and the lender takes less than they could have been entitled to otherwise.John CoreyI have considered just writing a summar and that's probably what I'll do.