The buyer and seller sign a promissory note (which contains the terms of the loan).

The information contained in this post is not to be relied upon.

Unfortunately this is not contained to note investing.

I walk by there all the time, it's right down the street from meAgreed on the barn doors- they do not contain sound or smells..How long did this sit on the market after being built?

Here's a thought for you, research the area you are looking to invest in based on your risk assessment and then study the numbers in that region.All of these "rules of thumbs" are not always reliable and sometimes can get you into trouble...in a hurry.Start with Knowledge of the USA Real Estate Landscape, Laws, Regulations, Processes, etc.Do your Market Research based on your own Feasibility Study to determine what your Region sweet-spots should contain and not containBuild a Local Team to advise you as to specific matrices (Vac Rates, Mgmt Rates, CAP Rates, Mtx/CapEx Reserves, General Expenses per SqFt, OER baseline, etc.) to use.

Tenants always calling the buildings department just because of a clogged drain, police running in and out looking for that gang member child of your tenant, kicking in doors, people stealing light bulbs from the common fixtures to use in their private areas, removing smoke detectors from inability to control cooking smoke, the day of the building inspection, so now you are fined for not having smoke detectors, not using trash bags in the trash containers, leaving furniture in the yard.

They are specific to each state and will contain most of the information your require.

I've heard of folks having success with container homes.

Agree with house hack, especially if you can segment off a self-contained unit in a basement or wing of your house.

The information contained in this post is not to be relied upon.