However, there're exceptions.

Current exterior rehab work includes:LandscapingOverall CleanupIrrigationAsphalt resurfacing (Next 2-3 years) Currently all units are rented for 700 a piece except for the tenants that just moved out which I am renovating and moving into.

They need a lot of work and there is little demand by tenants except low rent transients.

Except for sending numbers I don't find it useful or quick.

It seems that it includes most of what I'm looking for except a web site.

While you do not need 6 months of living expenses as a emergency fund, you do need some put back.The only exception I can see for the time being, is if you were able to find a turn-key duplex, triplex or 4plex where the mortgage payment (PITI) would be $700 or less and live in one of the units.

Seller financing doesn't change capital gains tax generally, except only the principal received is taxable under the capital gains.

It sounds almost too good except for the PMI that I would assume you have to pay.

By the way, thanks and you're welcome :) Bill Gulley - now that BP has "vote alerts", the vote vs mention really doesn't matter much anymore, except that the vote count is visible on ALL posts you've made - so that gives readers in other topics an indication of "worthiness" of your posts.

I completely agree that you must put yourself in the seller's shoes as best you can to match the right solution to what they want.Here is one extremely vital exercise I do now.1) Reverse engineer past profitable transactions.2) Deconstruct, examine & identify the key elements.3) Then rebuild the machine piece by piece to attempt to improve & replicate.It's a never ending process.