Don't count on the seller to do your figuring, that'll make you very poor, very quickly.)The suggestions to insist upon the schedule E or the tax returns are interesting- most investors can figure out what a building needs(in terms of capex and operating expenses) and what the rents and vacancy rate should be(as those are functions of area, the economy, curb appeal, management skill, and so on,) so if I were selling a 10 unit and a buyer insisted upon my seeing any part of my tax return, I'd consider that buyer to be an irritant and I'd find one who was capable of doing their own proper due diligence.

I am trying to make up my mind should I go ahead and make Jacksonville a real player in my plans

Get back on the horse no matter what happens with this little speed bump.Make sure you stay on track to purchase your first investment.If this is the biggest mistake you make this year, you will be very lucky.There is no such thing as a great pro basket ball player who didn't get 4 fouls every game.

Nothing in this analysis should be construed as legal advice and relied upon, as each transaction must be separately analyzed.Further, I strongly recommend anyone seek independent legal advice on any specific transaction contemplated after January 10, 2014 prior to any consummation`````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Dodd-Frank Summary The Dodd-Frank Act took effect January 10, 2014 and changes the rules for seller financing for those not qualifying as exempt.The most relevant changes are: Requires every lender to consider the borrower’s ability to repay the loan • Requires that lenders consider at least 8 factors applied against reasonable underwriting guidelines • The Lender must write a “qualified loan” • Requires lenders to wait at least 120 days of delinquency before foreclosing • Dodd-Frank combined with the SAFE Act in the various states, will require all owner finance transactions (except the exceptions) to be originated by a Residential Mortgage Loan Originator • Prohibits builders from selling with owner financing • Eliminates balloons and negative amortizing loans and requires fixed rates for 5 years with no prepayment penalties • Sellers who sell with owner financing more than 3 times a year will become mortgage originators and must comply with Dodd-Frank • No forced arbitration clause is allowed in the buyer’s noteQuestions & Answers � What information am I required to get from buyer to prove their capability to pay?

As a hockey analogy, "A good player goes where the puck is while a great player goes where the puck will be."

Not sure how zoning/building codes apply here - I am in the process of finding 203k certified GC's (or CM with architectural capabilities) so haven't checked yet. 5.

Anyway I did truly enjoy my experience that summer and I proved that I am more than capable of doing this as a full time gig. 

I had to do an eviction, and in the state of Florida a lawyer is REQUIRED to represent yourself in any type of court situation even if you are capable of doing this yourself.

Bring your player along and listen to podcasts and such while blowing leaves or whatever.

I have been a minor league baseball player for the St.Louis Cardinals for the last 6 years of my life.