@Brian Garlington is spot on with verifying that rent is actually collected.  

There are tons of people who invest there with hundreds of years of collective experience.

When you have 1 house, you put the cash flow + your own $500 into the mortgage every month.When you have 5 houses, you are collecting $1000 per month.

 No chance this sticks, it’s just an attempt collect.  

We live in Illinois, and they do not charge income tax on 401K distributions, so I do not know if state taxes would also be reimbursed if you live in a state that collects income tax on this.Otherwise, we're good to go!

In our area we collect last months rent and a security deposit at lease signing as well as first months rent prior to move in; all as cash or cash equivalent. 

It is very nice on the inside and the plan would be that I live in it while collecting rent from the two units in the duplex. 

They are asking for the down payment and then want to collect payments for a minimum of 2 years at the 8.9% interest rate. 

Hi BP community,I am analyzing and collecting info on a small MHP in my area that I am interested in. 

Any suggestions on a free or low cost program/app to collect online rent payments from a 9 unit commercial building?