Taylor, Harper woods, warren, southfield, etc…I chose it because they’re a fantastic balance of price to rent ratio while being in a good appreciating area.I’ve ran appreciation trends on this locations and they’re outstanding.

You wil have to screen sec 8 tenants just as you would any other while the rent is guaranteed (for now) there is no guarantee that new sec 8 tenants wont trash your property. i will say that my sec 8 tenants have been outstanding so far but i only have a few years experience with them.

Do I write my contract with the seller for 50K and put an addendum in it that says all outstanding taxes to be paid by buyer at closing?

That would make up half ($900) of the income shortfall ($1800).My lender's recommendation is that I amend my 2012 tax return to represent as income the three months I paid to the seller and pay the additional taxes on that amount (a negligible $383), as well as pay off a car loan ($6000 outstanding balance at 0.5%, that is free money I would rather NOT pay off with investment reserves).

., you are granted a deed from the seller) but an outstanding loan is not paid off.

And when you use blanket financing make sure you have a stated payoff for each property usually worked out as a loan to value from the beginning loan amount to the outstanding balance at the time of any payoff, on a per property basis.

Tell some small banks (even regionals) that you will buy all of their ORE/REOs at 90% of PAR (outstanding loan balance) and see what happens.

, here's how I believe it breaks down:320k purchase price64k down payment (financed by private investor @8% simple interest - 7.68k interest over 18 month loan term)275k to Party B - they are paid off and we then own the property9.33k (25% of 45k - 7.68k) to Party A10k closing costs, loan prepayments (escrow)7k to replace roof4.5k (negative cash flow - per rent with tenant)===================================14.17k positive cash flow - no money out of our pocketIf Party A exercises their option to purchase:389k purchase price4k closing costs27.99k (75% of 45k - 7.68k) to Party A253.5k - repay outstanding loan principle71.68k - repay private investor (64k + 7.68k interest)===================================31.83k BTCFIn our opinion, we believe this is a deal...

If there is no mortgage loan outstanding, subject to is out.

Outstanding!