I recommend you do a google search for "real estate seller financing" and educate yourself through some blogs, then have a conversation to see if the two of you can agree on terms that work for everyone.Be sure to use an attorney to draft the documents, not the same one the seller uses.

These days more tenants are looking for turnkey than ever and we rarely come across any tenants that have their own.

We want to rent out the basement as a one-bedroom apartment to defray the mortgage cost.

Here is the story:We sold a portfolio of rentals to a single buyer and part of the deal is we held back a 10% mortgage. 

Hi Barbara, welcome to the community!

Greetings, First and foremost, I want to thank the BiggerPocket community for being so welcoming already.

You are WAY better off saving up and using cash for the rehab than trying to pay down your princlple and using a HELOC.

But before we go through to put together something more specific on the property so he can see all the numbers.

Hi John- they seem to be in a tough spot related to the Synapse Financial bankruptcy- they've essentially suspended operations and are trying to sort through the mess.

STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair.