Now they are on title.And they sell on a "wrap around mortgage" for a cash flow of the difference of the Private 1st Mortgage and the Wrap.Example:100K house FMV, bought at a discount all cash for $80K, payment outgoing $613.98 6.5% PITIPayment incoming $100K note 30 years $949.18 9,5% PITIYou make the difference in cashflow. 

Contact your utility company they should have a form you can download, fill in and fax back, or simply fill in online,, otherwise the tenant signs the form I download,, and I give copy to tenant, then fax back to power company a week before move in and also submit the stop order for outgoing tenant.. with move out date..Tenants are required to maintain service until the end of lease,, 

Hey @Josh SabourinOne thing I know for certain is that outgoing rent payments will never accumulate into wealth (at least for the tenant, that is haha).

The problem you have is thinking that you don't have the money to make the deal happen or that you won't find an investor to buy the deal (a feeling that you would do the math wrong and the deal really wouldn't pencil out). Go

If you don't believe this is true, then test it out ... go to any market you choose and look in the nicer neighborhoods, figure out what places rent for and what they sell for ... then go to the bad side of town into the ghetto and look at what places rent for and what they sell for ... see which side of town has the higher price-to-rent ratio. 

The Leaseback payments to me will also go in to the CD.All incoming cash flow is at a bare minimum and all outgoing expenses are at a maximum for estimating purposesCD start. $950,0001st year leaseback in CD $200,0001st house sale proceeds minus payment in CD $610,0001st anniversary of signing loan total liquid cash on hand in CD $1,760,000At the first anniversary at a minimum if only one home sells there will be payments for over 5.8 years in the CD plus 3 homes left with 2 payments in each still, with 1 payment by selling and adding together.

The Leaseback payments to me will also go in to the CD.All incoming cash flow is at a bare minimum and all outgoing expenses are at a maximum for estimating purposesCD start. $950,0001st year leaseback in CD $200,0001st house sale proceeds minus payment in CD $610,0001st anniversary of signing loan total liquid cash on hand in CD $1,760,000At the first anniversary at a minimum if only one home sells there will be payments for over 5.8 years in the CD plus 3 homes left with 2 payments in each still, with 1 payment by selling and adding together.

Advise tenant not to leave mail overnight in the box (incoming or outgoing). 

I don't self manage but had to take pictures after a move out because the outgoing PM person was ill equipted for the job - he was just overwhelmed.

Greetings BPI hope everyone is doing well, i have a dilemma that id like your opinion on,Please feel free to ask as much detail you need to understand the situation.Here we go, Currently my mother is renting an apartment for 900/month in Westland Michigan and i pay half the rent 450 to help, my name is on the lease she couldnt be approved without me , since she moved to the apartment, i bought a duplex 5months after she moved in the apartment, and since then she we renewed her lease.My duplex is currently rented with outgoing tenants, i live on the other side, currenlty my renter are paying 775, but once they move on ill rehab and raise the rents to 900, which would put me at cash flow of 200 a month which is great to live in one half ,imagine if i completely moved out.So heres the Dilemma, theres a Hud house on the market for 60K which will be worth 150K after a 30K rehab, but i cant sell it or rent it for a year after owning it, so i was thinking i could move out my duplex move my mother in and sell my HUD after a Year for the profit.