I don't really care about being a millionaire I just want the brightest future possible for my family.

Hi Eviano, I'm a JSU professor currently spending a semester in California taking care of my mother.

Probably something simple I am missing or the deal just doesn't make sense.3 condos, the owner has 14 out possible 48 in this complex and if the deal goes through may lead to more deals with her.the condos are 1/1, 2/1 and 2/2, she is asking 76k for the 2 2/1s and 64k for the one bedroom. total 216k, she would hold a second position note for 30k with me putting down the remainder of the 20% down (13,200) and pay closing costs. she would like 6 payments, one each year of 5200 for 6 years which comes out to 31200 total, about 1.5% interest rate if my calculations are correct.For simplicity, I am counting the 3 as a triplex, so rental income is 2325/month, tenants pay for electric and gas, HOA of 185(555) per pays for water, sewer and garbage as well as exterior and common area maintenance, snow removal, grass cutting, etc. taxes are 266 and insurance is 50 month (HO-6) policy which I hadn't heard of before.

Only you know your situation so you have to assess carefully. 

When I started I did not care one bit about Net Worth as I wanted cash flow Properties and the more the better.Now clearly my plan at the beginning worked out just fine but I could be in an even better spot if I didn’t waste extra cash on a remodel that could have been another unit.

-cutting the grass or any yard work-painting-cleaning -mail work-answering phonesAlso depends how old your chIldren are

I carefully look at those and set up appointments to look at quite a few of them, while researching others through the county real estate portal.

Tread carefully.

There paperwork only shows best case scenarios. they dont care about you no matter what they say.

Came in, took care of business with no issues.