Two, my real passion is flight instructing and god bless the job but it doesn't pay well, but now I flight instruct on the side whenever I want because I have income coming from somewhere else.

Filling the spot we left should be as simple as handing the new person the guide we have wrote and over seeing.Our numbers are fantastic when it comes to cash flow / ROI ( not a surprise when you buy cash and do all the work yourself)Now the issue, Buying these houses all cash, I have not forced my self to understand leverage, financing, and all aspects of raising capital creatively.

For your house I would estimate a total of $1,767.I also assume tenant turn over every two years and that property management of 10% of rent + one month's rent to fill a vacancy.

The mother who lived in a similarly priced apartment to the one I was was renting was the one that looked at the apt, filled out the application, used her ssn/dob/ID, provided her landlord and employment references, singed the lease, accepted the keys......and then her adult daughter moved in instead of her and lasted 3 months before being evicted. 

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Your attorney would fill you in on the specifics.As for the current property, perhaps the seller would do an owner carry for you.

Marie Poe, the property was not deeded to the buyer, there was no lease or rental stipulations, I had no idea when we filled out the sales agreement what was the right way to do it, She has stop communicating.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.