It will take me 2.5 years to recoup the cost without taking into account tax benefits.

A rental pays no self employment tax. 

No W-2s, pay stubs, or tax returns are required. 90% of underwriting is based on the property not the borrower.   

I certainly saw some professionals at the tax auction.

We are doing everything we can to hold off until then but with the increase in taxes, insurance, and debt; it's really getting difficult to be able to wait it out.

I will pay the monthly on the note and the taxes.

@Gavin JexSo you want a bank loan and then seller finance as wellA bank would not be in second position so they as the owner / lender would be in second.Also 0% they would still be responsible for taxes on that at AFR so if your payment is $300/mo the loan would go off federal rates so they would essentially have to claim around $5k in interest income which would be ordinary income so they may end up paying all of your payment in taxes… just fyi if they did speak with someone on thisSounds like a steal if deal for you

Cost of labor has gone through the roof, as with materials, property tax, insurance, and even utility cost.

Say a 550,000 loan with 25% down at 10% interest on 15 yr vs 30 yr. 15 yr monthly payment-- $4,40030 yr monthly payment -- $3,600Does not include property tax 

Presumably someone does your tax returns, ask them.