Asking Price: $145,000 Conventional Loan Terms: 30yr @ 4.75% w/ 25% down payment $575 Gross Rent: 2300/month; 27600/yearly Seller Disclosed Expenses (Unconfirmed): Taxes: 1352 yearly Insurance: 1600 yearly H20 & Sewer: 528 yearly Expenses: Using the 50% rule, or 60% for expenses rule since owner would be responsible for utilities (sewer & water): 2300x 60% = 1380 for expense other than Principle & Interest (P&I) Vacancy @10% = 230 PM @ 10% = 230 Repairs/Improvements@13% = 300 Insurance = 134 (seller disclosed) VS. 160 (estimated) Taxes = 113 (seller disclosed) VS 125 (estimated) Sewer & H20 = 132 (seller disclosed VS 210 (estimated) $1380 - 1255 (My Estimated Expense Total) = $125 P&I Payment and Profit: 2300(Gross Monthly Rent) x 40% = $920 P&I = 575 $100/Door Rule x 4(Fourplex) = $400 $920 - $975 = ( -$55)/month As you may notice, the seller's disclosed expenses vary greatly from my estimated expenses.

But at the end of the day, the most secure way is to be part of their llc and have contracts directly with who ever has the money and proof of funds.Splits vary greatly depending on experience, cash into the deal, relationship with who you are partnering.Remember just about everything is negotiable.

Those notes can vary in performance from performing to not performing.

I agree this will vary per state make sure you are getting advice from someone locally.

A young man, putting his life on hold, by serving his country in the military, and then returning to college to obtain his masters degree, and to live the "American Dream" of real estate ownership, is in my opinion, a "powerful tool", a "story you must tell" that will inspire sellers and will get you owner financing that you deserve.

I have had a wide ranging and varied musical career that has allowed me to travel extensively and to see and do a lot of very cool things.

My general rule of thumb for my properties has been 7 to 10% and that can vary for many reasons which usually include repairs.

If you accept (will vary by area) that the average family income is $3,500 per month, then the total debt - including the home payments - cannot exceed $1,500 per month.

I am currently in school with six credits left on my Business/Entrepreneurship degree, and would like to add to this education with real world experiences.

I know that lease agreements vary from state-to-state but do you have to include a clause within the lease agreement that utilities are not included or is that typically the standard?