The proceeds from the first sale will go directly into the escrow account of the purchase.

Post-dated checks isn't bad as that would hurt her should she not have the funds or close her account...then of course I would just have to go through the hassle of eviction/collections.

Hi Account ClosedThank you for taking the time to compile this information, I have looked into some of these, but I will look into the rest! 

A handyman/husband is a HUGE, HUGE help.My husband does the books including bookkeeping and accounting, bill paying and obtaining bank financing and he also occaisionally trouble shoots maintenance problems and suggests fixes if our handyman needs a hand and he uses his mad carpentry skills for renovating appartments. 

I could consider a personal loan for that money as well, which would let me rent out the unit faster but would require larger monthly payments.During the second year of interest only, the unit would be rented (accounting for up to 1 month of vacancy), and I would make $496 that year.At the end of the second year, I would refinance, and if the value of the house appreciated at ~2%, I would owe the seller around $10,000 after the refinance.

I am an international investor making my first investment in upstate NY.I need help from an accountant that is familiar with international investors.Happy to share additional details if required, let me know.Thanks!

This is only if all the usual expenses have been accounted for (purchase, taxes utilities, holding, closing, etc.) and your re-hab budget (+15%), plus the market being in the right place or will be soon enough (which is tough to predict). 

Account Closed 

Obviously VERY important, because you don’t want a bank coming back to you in a few years and telling you that the account is past due and they are going to foreclose on the house because the loan hasn’t been paid.

Account Closed In the past when I was a leasing agent I was always paid once they moved in.