The buyer makes payments to the seller, who in turn continues making payments on the original loan.Structure: The new loan is typically for the full purchase price, minus any down payment.

Lenders do not lend on run down mobiles and few lend on land.

I bought this deal by owner financing 5k down with a balloon of 50k after a year.

Let's break down your equity based on your numbers:Property 1: 6.5% return on your equity (yearly cash flow/Equity)Property 2: 6.08%Property 3: .88%  Property 4: 2.09% Property 3 and 4 are definitely too low of a return. 

They were hearing rumors that assessments were coming down the pike to the tune of $100K. 

They also have the smoke detector nailed down better....

I am curious to see if this slows down the massive demand Raleigh has seen in the past few years. 

Once installed, best to have them on predefined schedules, as they’re only 3x as efficient as gas/oil when they’re working to maintain constant temps versus changing it up/down over time.

However when I think logically about depreciating damages I use this as an example:If I built a house and rented it for 28 years without making any improvements, the tenant could burn the house to the ground and not get charged one penny because the entire house was fully depreciated down to $0.

I have enough savings for down payment 20% but I also hear that you have one chance of using FHA loan.