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Should get some cash flow at that rent.

A quick synopsis: We got our zoning approved through the city, we then had to get a variance because we want to run an 8 bed facility but the International Building Code would have had that be a "Commercial" property and would've needed to be compliant with all of the ANSI requirements like having an accessible main floor bathroom and 2 accessible main floor bedrooms, this would've been cost prohibitive to us.

It has been a great rental with a fixed conventional mortgage rate, generating cash flow from day 1 and already gaining equity due to the increased value.

Be familiar with calculating ROI, prospective cash flow, and other important measures.

Lenders will be vocal about their comfort level with issuing a loan when there are multiple properties owned through a single LLC, particularly if the portfolio is financed through multiple lenders and that threshold can vary depending on each lenders internal standards.

Also, if it's your first property and it's only four units, why are hiring away your cash flow right away?

Im all for creativity to get deals, but this ..this was vile.Jason spent less than an hour at the end of the class half-@ssedly rushing through his biggest selling point.. a negotiating strategy he calls the 'seller waltz', which turned out to be nothing more than rushing through the list of creative real estate structures should the seller not accept your cash offer… “Oh, you don’t like my cash offer.. what abouuut this?!

The way I see it, a brand spanking new duplex wouldn't be the smartest deal because of the high purchase price and you'd likely not cash flow, if not be in the negative.

4) If lease is ending, and the buyer decides not to purchase home for whatever reason: Unable to obtain financing through lender, doesn't want home, change in job location, etc. does the buyer or seller keep that nonrefundable deposit?