In DC, Montgomery County, Arlington and Fairfax County you will get less cash flow on initial purchase, but a lower risk asset with higher rent growth and higher appreciation.

@Lidia BowersHi LidiaMy first rule of investing is to never purchase or own an asset that is negatively cash flowing.

If you want to verify 12 months of their income and bank assets you should consider using a platform called FinRET, they can also provide you with $5 credit reports.

Hey guys and gals,I created this thread in hopes to hear about some of you guys' stories.I am currently in the process of obtaining a collegiate certificate in property management here in Canada and like most on here, I am dreaming of being able to start my own business.

A buyer normally is willing to pay a higher interest rate since they may be looking for owner financing due to difficulty qualifying with a institutional lender.I have obtained a much higher interest rate than what I would receive in any bank.I have also used the same process with a buyer by giving him multiple notes with each secured by its own mortgage.

If you call around to all the smaller name banks in the city where the asset is located, you should be able to find a couple that will be interested. 

I would continue to make your payments and leverage your lump of cash to purchase an asset. 

I have started my company and obtained my LLC.

Would anyone recommend me or my spouse obtaining a real estate license for Arizona ? 

Interesting to hear that there is a lot of development activity in that asset class.