I started doing some home flipping from 2001 - 2009, then got into buy and hold.I am at a cross roads, so I recently sold some properties, in an effort to have a portfolio of quality over quantity.Not exactly sure what my next move will be, the big challenge for me has been learning about tenant issues, and dealing with some unexpected repairs, both my wife and I took a course and are IPOANS CAM Certified (Certified Property managers).We only manage our own properties, plus have a couple of hired property managers to help with some out of town units, however, I have been studying tenancy rules, laws, and have become addicted to answering property management questions.What attracted me to join this site, is all the different types of real estate investment people are involved in.I look forward to participating in the forum.Michael P Currie

Our total out-of-pocket costs will therefore be around $7,700 ($3,700 down + $4000 rehab).The numbers look like this: Rent $650 Loan payment $345 4 years @ 5% HOA $130 Insurance $13 Property taxes $67 Maintenance + CapEx $80 For new windows and HVAC Cash flow $15 During land contract Cash flow $361 After land contract Cash on Cash 56% After land contract ROI 48% During land contractAs the numbers show, there is virtually no cash flow during the 4 years the loan is being paid off, but the return on investment from principal pay down is almost 50% PER YEAR.  

They are as followsThe 3 are all located in Phoenix, AZ and all rented1: paid $180k was rented before it closed, paid cash with an HOA of $200 monthly and rent of $13002: paid $135k was rented in 1 day, paid cash with an HOA of $200 and monthly rent of $11003: paid $215k rehabbed total $260k mortgage on property is $100k with payment being $800 a month, and HOA of $50 a month rented for $14754. looking to buy a house in Colorado, where I will rent it out and also live in it.

For example no repairs to cars, quiet hours, all dogs must be on leashes, bbqing rules, etc. 

Typically, you'll pay more and get a little lower split right off the bat, but like so many people say on BP - 50% of a deal is much more than 100% of nothing. 

You are clearing the 1% rule as it goes, but only if the numbers you have provided include the above.

My partner and I will be doing a 50/50 split of everything and including some options to get out as @Anthony Susco  mentioned.

The few I was involved in were(A) 50/50 equity split where the investor brought all or a majority of the money and the equity was split at the end amongst us.

Wondering if there any golden rule for minimum bid on such home owner occupied HUD properties.

I told them while chatting with them, that I made no exceptions for my rule that income must be AT LEAST 3x monthly rent.