Am I stupid to think that ,if the note is getting paid with no money out of your pocket, you are essentially "making" money?

A lot of our clients want to talk to us about investing and the benefits of long term or short term renters, and we direct them all to Colorado Springs (looks like @Jennifer B. likes the Springs too.)

You would essentially be paying for the privilege of using no or low money up front with the hard money lender in order to refinance into a conventional 30 year mortgage in the near future. 

Give some information and knowledge and the benefits will come back to you tenfold.That would be in addition to starting a website, blog, craigslist ads, facebook posts, networking, telling all friends and family what you are doing, go to local meetings, code compliance lists, driving for $$, and a few others I cant think of right now.As mentioned above, you have to keep doing all of those consistently over and over.

The main benefit of this is that you'll have a team leader sending you leads and (if they're a good team leader) teaching you how to convert.Lastly... once you're settled in at your brokerage, make sure to tell EVERYONE you know that you are Licensed Realtor!...

If it's a complaint about being dirty, broken mailbox, or other non-essential stuff, acknowledge it but don't jump immediately to fix it.Follow your local rental laws and don't let bad tenants bully you.

You will have to pay higher property tax and utilities and maintenance will go up a bit but the extra unit is well worth it because you'r essentially upgrading for free.You need to take into consideration the closing costs of selling your house, buying the 3 fam, and mortgage for the new house.

Smart you have a FT and PT job- I think you should essentially dive in.. but not make a "bad purchase" , since you can't win on the sidelines You absolutely want to have reserves when you invest, it would not be smart to have limited capital since if you have a major repair, you will be in trouble. 

But also where the tenants pay their own electric, if I give them a benefit of lower electric bill with a slight rent increase to offset it, would that be good?

New member here - have found many useful tips & strategies on this site, but was never a member prior to today.I have a question about seller financing calculations regarding a deal that I'm currently working on.I'll spare you the full details of the deal, but I've essentially been able to get the seller to open up to a possible seller financing deal that would get me a great cash on cash return of near 20% on a good, solid property on the busiest street in town.Here's where I'm somewhat stuck (and I hope you can follow).