One other thing not in my original post, it is understood that an evenutal consequence is that our daughter's basis, when she buys the property, is the low sale amount, which could affect her in the future if/when she sells.It would be better, of course, to die first, and have her inherit the property with a "step-up" basis. 

Keep moving.I also may not have understood your post, is the rent $650, or net monthly cash $650?

@Russell Brazil  Understood that capex is not an operating expense so technically it should not be included in NOI, I just prefer underwriting it like that to make sure I'm not over valuing a property when looking at it from a cap rate perspective.

Ok, understood.

understood.

Understood....reach out to me if you want to meet while your in town.

I'm not sure if I understood you correctly.

When investing in rentals, from what I have understood, the idea is to use others money to create cash flow for yourself, this is fantastic, but when do you focus more on paying off your units rather than making more deals?

Either something's wrong with this deal or you've just hit a home run.In my experience, the only time I've been able to get 100% seller financing is when both parties understood that the property needed a lot of cash in the rehab. 

Since BP decided to include votes, I never understood why they don't take more advantage (awards too).