Why not simply put that extra money in reserve savings for a rainy day then?!?

Simply put the word out that you have a property and are willing to owner finance.Mike

There seems to be a belief throughout this thread that its alright for a city employee to come onto your property and simply lie about item after item and then send a written agreement in direct contrast expecting you to sign and return it.

More likely scenario is simply squatters who are gonna ride this out till the eviction goes through.

I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

You do not operate a trade/business - they you avoid 1099s, but neither can you use business overhead deductions.Disclaimer: you cannot simply claim to be running trade or business, it's not some checkbox election.

😂Plenty of lovely folks there, plus it's where Cannon Air Force Base is located, but we soon discovered that just having a base nearby didn't necessarily make for a lively real estate market.Shortly after that, we adopted our MUCHAS criteria:M - Near a military baseU - Has at least one college or universityC - Has a Costco or equivalentH - Has a hospital ranked at least as a Level II Trauma CenterA - Has a commercial airportS - Has a Sprouts (organic grocery) or equivalentThis has led us to look at often-overlooked markets like Lubbock, Texas and Augusta, Georgia.May be worth a look for you as well!

As primarily self-employed most of my life it would have helped me to discover DSCR loan sooner.

Granted, I am sure most are simply deleting their emails, but that is a big database of people that have either taken the course or raised their hand at one point to learn more about the company. all this RE training is just based on MLM  presentations and such..

Was great chatting with you earlier today over zoom and I believe I helped you understand this property and the location and how to analyze this property from many different angles but unfortunately we discovered after looking at your deal that its a NO-GO and you will probably need to back out, if possible.