Positive cash flow is determined by subtracting ALL of the operating expenses and the mortgage from the gross rents.

look up promissory note on the internet and you should find a few examples, I would also come preppared with an earnest money aggreement you can find these online also, you do not need a lawyer for this I would recomend getting the forms notorized though,

I fund this property on the internet.

The borrower is a corporate entity.There is also a lot of scams on the Internet concerning MTNs.

Just because someone files the paperwork correctly over the internet does not mean that the entity will stand up to a court challenge.

Depending on their situation and tax advisior will determine whether it can be exempt income, or whether they will be responsible for taxes on that amount.

By no means is this an exact science, there are many variables that can derail the master planI exercise restraint and discipline when determining whether something is worth keeping or is a dog with fleas.I love the feedback.

And it doesn't seem to me like it could cover the cost, at least not at the prices I've been seeing on the internet.

I was able to meet with the owner of the property and through ongoing dialogue I was able to determine the following:1.

The last several months I've attended workshops, have been soaking up tons of info from various sources....yes....pretty determined to make this happen.Thanks