Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

Hey everyone,I thought of this hypothetical scenario where I would do a seller-financed deal on a property valued at $250,000.

Are you currently focusing more on residential or trying to transition fully into real estate investing?

Some are disclosed on the site, but it's not guaranteed they are all there.

@Steve Gardineri'd get a couple roofers out and get their opinions on fix vs. replace. 

The description talks about the buyer assuming the Point of Sale, so I would assume there's a decent amount of violations on there at this price, but if not, it looks like a pretty good deal. 

Purchase price: $381,600 Cash invested: $531,600 We purchased this adult care home for $381,600 on the market.

Cleaning team if possible, so there is more than one person to cover illness or emergencies, the house absolutely MUST be clean for the next guest. 

My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan? 

The way I was explained it was your net operating income minus depreciation yields your net income and you pay tax on that.