She does investor bus tours in Detroit all the time and has a lot of relationships there even though she lives in Cali.

Thank you all in advanced!

I've heard of a deal where maybe I buy the house from the owner and then the owner then becomes a tenant.I've watched so many BP and Real Estate Rookie videos, all the information is swirling in my head and I just don't want to miss out on a good deal.

You must buy a property that costs at least $1,400,000 with a downpayment of at least $500k to avoid all taxes.

Cultivate relationships where referrals become a natural part of your interactions.

Now the Tenant Buyers / or Wrap Around Note payors are REFINANCING and getting ALL new financing which means the underlying Note which we took over SUBJECT 2 is being PAID OFF in FULL.

Hi all - it's been a while since I posted.

After doing this for 15+ years, almost all of our properties are paid off. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Property Management Agreement: Another option could be entering into a property management agreement where the corporation is responsible for managing and paying all expenses, including the mortgage.