Find out what rate rents are increasing and expenses are increasing in your area and use that in your underwriting, then work out each year of ownership. 5% rate in 5 years seems ambitious.

I would like to work out a payment plan whereby they pay me while I have control of the rights to the mortgage then in 10 years I pay off the principal.

@KT Fissore I would work out a deal with you in TX and do it for 5%

Even on referrals a lot of contractors are hesitant to run around for investors new to an area until they trust that they will actually get work out of it.  

. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

These things never seem to work out well 10 years later when you need them to sign stuff. 

For many, if not most, this is likely to be after a workout, coffee, and around 10:00 AM in the morning on a weekend day or on a vacation day.

I would love to connect and see what we can work out!

This is not personal, but if a person cannot save money now real estate is the worst investment to get into as it is one of the most cost intensive businesses to be in.  

I'm using my workout time to educate myself daily and feel overwhelmed, but excited to get going.