My why is most certainly To break generational curses that have haunted my family for generations.At a young age I decided I was going to be "successful".

Nothing wrong with rentig to college students especially if their under age and need co sigs  from Mom and Dad.

Hello I'm a 41 year old with only a Ged i have no money no credit .....were do I begin as far as buying homes no money down no credit?

The life experience I may not have but the money I feel I am in a good situation for my age.

I am 38 years old and have three beautiful daughters age 15, 10 and 4.

``````````````````````````````````````````````````````````````````````````````````Lease Options - Pros and ConsPRO SELLER - Usually gets full appraisal, good tenant, usually no damage, usually no late rents as Tenant Buyer wants a mortgage, knows seller will report late rents, buyer needs (VOR) verification of rents to get a mortgage on the 1003 app.PRO BUYER - Buyer stops renting, gets neighborhood now instead of crappy apartment and close neighbors, good schoolsCON SELLER - Not much, better than renting, tenant could try to sue for option money back, keep option and lease separate, have a good attorney to avoid problems.CON BUYER - To protect buyer, use a servicer to get money from buyer's account to mortgage lender. 

Hi Micheal,That's great that you are already thinking about your future at such a young age! 

My ripe old age earns me the right to be, don't you think?

So our pro forma estimate will give people the raw numbers they need to then draw their own conclusions.For my personal portfolio it depends on the age of the property, and how much work i am doing up front, i dont use a fixed number the variables are too great to apply a one size fits all number.As for cap rates, i feel like i answered your question.

Do you have some sort of verification process set up to make sure the seller of the home ACTUALLY owns the home?