I would have no problem, except the bank won't consider the income from the subject property for a new mortgage unless you've had Schedule E income on your return for 2 years.

If the person was smart, he/she could of made arrangement with the homeowner and not just dump his signs in the homeowners yard. it tells me that this person is not concern about other people concerns, except his own.I am sorry to say this, but this is a non- professional lazyman way of doing business.

Sweet terms to me are no money down (except title insurance and closing costs) at below market rates and terms.

That said, it sounds like cash method is simplest and better suited in our case, except for inventory accrual - is this considered a hybrid accounting method, and will it likely survive an audit?

I do what Patrick does except that refrigerators are included in all mine.

Generally (there are exceptions) what you give up in cashflow is offset by appreciation.

I currently own a 3 family and have exceptional credit so I hope they will consider private financing.Other than private financing, is there any other creative ideas to finance this property that someone could recommend?

Full recourse loans with no exceptions.

The current tenant is a bit irrelevant except for some vacant time and getting it ready to rent again.

Non payment would be an issue, except we just took ownership of the property 2 hours ago, and they have never been delinquent with us because they have never had to pay us.We asked our closing attorney today, and he said it's a simple 30 day notice, telling them their lease will not be renewed and they are expected to surrender the property.