.- Could be a tenant who just likes cash, or budgeted bank account.If it's a respectable tenant in a safe, classier neighborhood, I would likely accept cash.

Jared,You will have to provide more information to get reasonable assessment:With respect to the 1st deal; - What Rent to you realistically expect (everything should be verifiable) - What are the expenses (full breakdown) - How do you know that it will apprise for so nearly 20% higher then you are paying - Why are you so confident that the bank accept the higher appraisal price vs. the purchase priceWith respect to the 6 unit building: - What terms (rate, amortization, term) has the owner offered you - See some of the questions aboveIt's first about the math and then about your gut.

I respect your opinions a lot.

Purely marketing.Most mortgage companies are banking affiliates or brokerages.Most brokerage companies are not direct lenders in government loans, primarily due to the required reserves, repurchase requirements as well as demonstrated knowledge and performance with respect to the quality of loans originated.

Some estimates of remaining shadow inventory by respected analysts are as high as $840 billion.

Your respective share of income will the pass through to your tax return and his share to his return.

Hey guys, thanks for the replies.I agree with David, as a first timer you may want to learn the ropes from a pro, especially with respect to leasing and dealing with problem tenants, among other things.Now, on to the property.

Okay, just my opinion Do not shoot or attack the messenger here First off - I do not have to talk for J Scott -Believe me he has that point coveredIt’s legit @Arnie GuidaThey starting assembling a respectable team of contractors, real estate agent, and general ideal of the local area.

Switching gears:With respect to 1031 exchanges, does anyone happen to know if the IRS allows you to exchange a Single Family Residence for ownership in a REIT?

Brandon – I respect you, and I think that I also like you.