Do just thirty one like that and you're an millionaire JUST FROM THE INSTANT EQUITY.

If every landlord in CA suddenly got stomped with a massive tax increase... the market would rise in pretty short term to cover it... not instantly... but it would.

Trying to find something to get below market value to have instant equity and that cash flows is hard. 

The MBA just doesn't command the weight it once did to instantly get that pay bump. 

They can sometimes be the best informants.For instants, 2 years ago my family had a tenant that did not want to leave their apartment.

Comparing deals only on projected numbers would clearly seem risky, yet done quite often.When the splits showed up, and considering the "boost" concepts above, one might expect the boost to the investors with upside equity to have instantly increased how the deals stood out in comparison to other traditional non-split deals in the same market & time.

There are multiple options available for screening packages; tenant involvement/no tenant involvement, instant reports, hand-compiled reports, and even income verification.You can find further information by going to Tenant Screening under the Tools tab.Best of luck to you!

Plus in the past I have excepted payments of say $300 every 2 weeks on pay day, instead of $600 per month, they said that was easier.

I decided to get my license as well and I love the instant access it provides (thank you J Scott).  

Based on appreciation of approximately 7% per year, the buyer will enjoy instant equity of $110,600 ($290,000 fair market value minus $179,400 option purchase price balance).