CheersNickHi NickI wish it were that easy, I don't think the Australian model will work too well in Detroit.The issue with property management which is a big one is the % they skim off the top when repairs are required.

Donut shop is usually a specific immigrant's family business tradition, that's why it's so niche and hard to enter, similar to Milk Tea shop or Taqueria.But I'm wondering rather than investing in endless multifamily syndication, why I can't just invest to a milk tea shop in front of my home LOL maybe in the future there would be more opportunities to have this gap to be recognized.

Every city with a grocery store that sells milk.

I miss the years of milk and honey.

I can't imagine Jackie Lange putting out a book that skims over the current issues of DF/SA regs for seller finance deals.  

Wouldn't it be your meat and milk?

What did you pay for a gallon of milk, a length of copper plumbing pipe, a roll of electrical wire, or a box of ammunition last year, or a few years ago?

It's also been well established in lending that Asian borrowers tend to live on much less than us fat, must have it now type Americans, savings is generally higher, just saying, don't apply your personal expectations as to your life style on others, stay neutral and see what their life style is through general conversation.I'm not trying to push you toward accepting these folks but skimming the top with ratios and assumptions may lead to losing very good tenants.Those pets probably won't cost a hundred bucks, my two monster dogs were only a hundred bucks.Again, how long is this situation reasonably expected to exist of relying only on the royalty income?

Included in this remodel is: remodeling the kitchen(granite, cabinets, fixtures, hardware, stainless and tile) both bathrooms(vanities, toilets, fixtures, lighting, tile), paint, skim coat drywall(where needed), vinyl plank flooring(new baseboards), replace some interiors doors and about $10-15k in landscaping and fencing.

Just a couple of things (forgive me if there's overlap I skimmed through some of the posts):1) I don't generally, believe in the theory of buying performing as a stepstool to non-performing.