Then I teamed up with my brother and a friend, forming an LLC and getting another property a few doors down in mid 2017.

Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.  

@Fabio A Becker yes everytime we buy a new property, we accquired a duplex 2 years ago and there was 2 doors per unit and common areas was garage and main entrance. we got a key ring full of keys.

It’s a great method for acquiring properties with minimal capital, but I prefer a 1038 for more doors (just my opinion).

My initial thoughts were to start with a small duplex or triplex but in my area those are going for $200k+ per door (at least what I have seen).

View report*This link comes directly from our calculators, based on information input by the member who posted.How would you maximize profitability in a scenario like this? vacancy is 35%

Its amazing how an ordinary thing like rent garages can produce such extraordinary investment results! 

Full re-pipe and re-wire, full sheetrock downstairs (ceilings too), upstairs just new texture, all doors replaced, all cabinets replaced (upper and lower), all new flooring (enigineered wood, tile and carpet upstairs), etc. 

Thanks Chris - I continued my detective work on this property and found out that the apartments above are a revolving door for this exact reason.

For example, do you require a $200/per door cash flow and 10% cash on cash returns or are you looking at a 5 year ROI that includes appreciation and selling costs?