I'll also check the link.Patrick - Does your area of interest extend down to SML?

the only exception is if you are a "real estate professional".Before the caps were placed on depreciation and before the depreciation schedules were extended to 27.5 and 39 years, there were much more opportunities to high depreciation offset a high income and it was easier to pay no taxes.

This is typically extended to tenants unless there is a law in the state where the property is located that removes this covenant.

This seems like nothing to me but a speculation deal based on paying out money negatively for an extended period of time.Just no way I would do such a deal.

Language of the note gives lender the sole discretion to extend for an additional year, each year after the first 5.

I would take the hand that Eric Tait is extending with his broker, as his seems to be echoing your words- "paying it forward".

You can make sure you get no pre-payment penalty, then you can always pay a 30-year back sooner, but if you get a 10-year, you can't extend the payments unless you refinance.

Meaning that the offer with the highest Net to HUD price will win if it exceeds their minimum acceptable offer price.Once the listing reaches the "Extended" offer period, investors can submit offers.  

The organization also conducts seminars and extended classes in local areas.

You could offer 8.5% for 7 years, and 9% for 10 years.Having a 5 to 10-year balloon, some amortization, and using a loan servicer will make the note more marketable in the event that your investor needed to sell it, though it'll be worth less than an owner-occupied note.At the maturity date, many of your borrowers will be happy to extend at the same terms based on the great return they've been enjoying, or in the event that rates are higher, many can be enticed to extend by increasing the rate.The liquidity risk from the 5-year balloons could be managed by spreading out maturity dates on the private lender notes, keeping some cash reserves, maintaining bank lines of credit or HELOC capacity on other property you own, and having a large enough lender network that there is always untapped capacity to replace lenders that demand their cash back at maturity.