A small percent of the monthly payments could go to you and the rest to your father.

And also, what is the percent average, that you can expect to pay in both the buying and selling costs, if you use a Real estate agent in both the buying and selling of a propertyThanks everyone

If the price that the buyer agrees to pay for the home is more than 20 percent higher than the price the investor paid to purchase it, the sale will be subject to extra scrutiny to ensure that the value hasn't been inflated"  This is quoted from Bankrates's article.

Then to rent it quick I offer the same amenities as the top rentals a hundred or fifty dollars less per month.Works like a charm. 

I am not an lawyer (and I do not play one on TV ;-)) but I went looking on masslegalhelp.org and found this nugget on Federal public housing:Federal public housingIf you are applying for federal public housing, a housing authority  must deny your application if it finds that:A household member is currently engaged in illegal use of a drug, or the  Housing Authority has reasonable cause to believe a household member's illegal  use of a drug or pattern of illegal use of a drug may threaten the health,  safety, or right to peaceful enjoyment of the premises by other residents.1 The Housing Authority has reasonable cause to believe that a household  member's abuse or pattern of abuse of alcohol may threaten the health, safety,  or right to peaceful enjoyment of the premises by other residents.2   Importantbefore denying a person housing based on illegal drug use or alcohol  abuse, a housing authority may consider evidence of rehabilitation3.Any member of your household is subject to a lifetime registration  requirement under a state sex offender registration program.4 Any household member has been convicted of the manufacture or production of  methamphetamine in federally assisted housing.5 Any household member has been evicted from federally assisted housing for  drug-related criminal activity within the past three  years.6   ImportantA housing authority can also let your household in if the person who  engaged in the drug-related criminal activity has  successfully completed a supervised, approved rehabilitation program, or if the  circumstances leading to the eviction no longer exist—for example, the household  member has died or is in jail.7 In addition to the automatic denials listed above, a housing authority  may deny applicants "whose habits and practices reasonably may  be expected to have a detrimental effect on the residents or the project  environment."8 This means that a housing  authority has wide discretion over whom it allows  into its federal public housing programs.

The other condition was that the foundation repair company issue a life time transferable warrantee and this be transferred to us at closing, so if you go ahead make sure that the foundation company you use will do this.

Most professional property management companies charge 8-10 percent of collected rents.  

Tell your agent you want X percent cash flow when looking at purchase price and monthly rent.

I look at the cap rate as a simple ratio (NOI/Purchase Price, expressed as a percent) so for an "individual cap rate" for an investor, as NOI increases (and presumably your initial purchase price stays the same) your "individual" cap rate goes up.

I am in a situation where I have a high credit score.And would have a downpayment.I am looking multi family /small apartments in the indianapolis area.Conventional financing wont work right now for me, so I am looking for a lender, who will loan on the deal, at above market rates, say 7-9 percent, 30 yr ammor, 3-5 yr balloon.Does this exist?