I've always found that there are 5 componants to consider on seller financing.1) down payment2) interest rate3) length of loan4) number of payments5) purchase priceI'll pay full value on a no down 100 percent seller financed deal, 30 year term zero interest with one payment.

The component which is the huge issue is the lack of legal support.

He takes a blanket loan to close on them, with a purchase component and construction component.

For me vinyl isn't cheaper.On my units vinyl is 350 for the down stairs and tile is 475.With the turn rate of units in low to mid range rentals life expectancy is generally 3 years before you need replacement from too much wear and tear.If you hold for 10 years that is 350,350,and 350 which is 1,050 over time in costs versus 450 today for tile.Actually it will be much higher than that as in 3 years and 6 years time the cost of material and labor will be higher than today.Tile is very cheap.The most expensive component to tile is the labor to install it.You just have to look around to find quality work at a great price.

The key component is that as long as you created the right list these are your prospects.

You're experiencing first-hand the factors that push away a huge component of 'investors' toward more convenient (ie, loser) investments.

So, I went into Listsource and pulled an absentee owner list with the following criteria:EQUITY(%): 40 to 100 %PROPERTY TYPE: Residential: SFRCORPORATE-OWNED: ExcludeOWNER-OCCUPIED: Absentee Owned Out-of-StateTRUSTEE-OWNED: ExcludeI didn't include any type of purchase date component as I'm planning on long term campaigns and a new investor owner may get very sick of owning at some point in the future.

Truth is...I wouldn't have been willing to work as hard to climb the learning curve, as I would have had to figure our every component of this business on my own.For the record, about 18 months into my franchise, my wife and I purchased a 2nd franchise in the market next to us.

Finding money is always a tough component in any deal.

The key component I use prior to the list is running a double algorithm on the market to tell me where to spend my marketing dollars.Those algorithms are based upon the followingNumber of Cash Absentee purchased last 6 monthsNumber of SFR unitsNumber of NODs or Lis PendensNumber of REOsAverage Days on MarketMedian Sales priceNumber of 30% to 100% equity to medianPercent equity to UnitsNumber of units in the bottom 1/3rd, middle 1/3rd and top 1/3rd of median