I guess the only reason could be if I invest into property improvements that benefit the tenant - i.e. energy efficiency in appliances, windows, etc.....

When you write a purchase contract, you put in the dates and time periods for certain actions.

The only time you are going t have to figure in floating interest rates is when you have variable rate loans.Rates got as high as 16% in one of the bad inflationary periods of the recent past. so your 8% is a little optimistic.

In 90 - 120 days when you sell the property or can Refinance (it's easier to refi then to obtain a new loan) the homeowner will get their lump sum check for $12,000.OR....you could negotiate with the seller to receive that $12,000 over a five year period and you would just make the payment each month to them.

In fact, I've probably said dozens of times that THE VAST MAJORITY OF NEWBIES FAIL IN A SHORT PERIOD OF TIME!

Maybe structure it by lowering the taxes for a certain period of time till you sell the property to someone else.

Then, once you're past the one or two year guaranteed period, the costs go up to more realistic levels and your profits go down.It just smacks of "too good to be true".

A little more information is included below for your reference.IRS Eyes FlippersIf you complete multiple transactions in a short period of time, the IRS may consider your property transactions to be a business or trade rather than an investment strategy.

But my experience is that a nice kitchen and bathroom will pay for themselves in increased rent over a fairly short period (as long as the neighborhood will support the rent)3) Basic vinyl, double pane, decent windows cost from 150-200 apiece as long as you can use standard sizes.

James,There is no redemption period in Ohio.