They just expect it to support their lifestyle once they stop working along with some tax deductions. 

I'm not sure of the local job market etc, but maybe someone who wants to save on rent would pay a couple hundred a month to bring in their camper/RV/Travel Trailer to stay in the area for cheap...that's about it I think.  

The only change is you're not working with a bank for this transaction (and, there are so many benefits from that).Ensure you have an easy and smooth way to pay your monthly payment to the seller/lender since you'll be working directly with the seller on that rather than a bank.

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Require them to pay for repair/replacement;2.

@Maria Murphy yes correct, simply paying the debt in the owner's name to hacienda (tax office)/government first as part of the purchase at the notary and everything left to the seller.Valencia has worked quite well for us the last years and compared to Barcelona/Madrid the m2 prices are a lot lower.

Hi Duane,That will definitely affect your DSCR as you'll be paying interest and amortizing the principal on the loan.

I’m interested in doing one of those equity investments where they give you a certain percentage of the equity in your home and you pay it back any time if the future when you move and your home sells. 

Still close by but much more friendly tenant/landlord laws, property taxes are 4th lowest in the Nation, strong appreciation, job growth, population growth, etc.