They only want to verify that you have assets to carry the property and close the loan.

@Carrie AlbertsonI file  everything alphabetically.

There is a chance he might take enough down payment to cover sales cost and depreciation recapture and then do a seller carry to spread out his Capitol gains tax.

All cars, houses, toys carry $500,000 liability.

of course, but i learned from that too. no one has ever set out to do anything and learned how to do it with out first learning how not to do it. the greatest story i ever heard was about the assistant to thomas edison. when edison finally invented a working light bulb, ( which by the way took him 10,000 tries), he gave the bulb to his assistant to carry upstairs to the testing lab. the poor kid tripped on the stairs and broke the bulb. edison simply made another one and gave it to the same kid again to take upstairs. when someone asked him why he gave it to this kid since he broke the first one, edison simply said " i bet he won't do that again". he was right. learn how to do something wrong the first time to learn how to do it right the next time. get out there and just get going...... good luck to you

The biggest challenge has been carrying out these processes while working a fulltime job and staying committed to the process it will take to develop a life-changing portfolio.

Howdy BP,I'm just beginning to contribute to community forums, but I have previously written about recent successes with the utilization of seller carried financing.

Assuming you've bought a well-done turnkey property at an acceptable price, and that you are in a stable/growing market, natural market forces are going to carry you over time.

Hepa vac the visible mold, scrub (wire brush) with dawn soap, hepa vac it again then rinse with clean water.

For example, if you have 5 rentals your net income won't be that much, you buy another property and six months later sell it, you could make more from the sale than you do from rents....I know, not a great example, but it was quicker....IMO, it's better to actually itemize what you will be doing by category, buy, sell, trade, lease, rent, manage, finance, repair, renovate, demolish, construct, finance and let contracts to accomplish the same, admit partners and investors, affiliates and contractors, brokers and agents of all kinds as necessary to carry on the business of real estate related activities and to do all things thereafter necessary and lawful to conduct same.