Hey so I am going to switch some tenants to month to month and I think all I need to do is use our states Lease supplement form and say something like this:The lease of the property on XXXXXX St.

@James Loffredo you could do the bulk with IKEA furniture but supplement strategically, whether with furniture or accessories/decorative items that you pick up from vintage stores or at garage sales.

I wanted to get 1 per year originally, but now I'll be aiming for 5 this year like you.Do you have any tips in which types of sellers are most apt to do seller financing? 

I would just encourage you to aim a bit higher with your entry cap, perhaps 4.75%+ longterm and 5.25%+ when RBTR.Good luck!

Aim small miss small. 

They were counting on getting a check for the full amount and using it to supplement to make it more affordable.5.

Cash on cash return is something you should measure and aim high (10-12%) if you're using a lot of your cash.

Along with this, I aim to create an apartment complex dedicated to providing affordable housing and financial rehabilitation to assist families struggling in the same way my family did.

QUESTION 1do i put $1000 on line 2 (Form 4562) and again in PART II line 14 (special depreciation) BUT NOT put it in PART III at allbut do put the $8000 in PART III under 19h (residential rental property).WITH THE GOAL  that line 22 (PART IV summary) will show $8000+$1000=$9000 of total depreciation for this year.QUESTION 2do i need to add a supplemental statement to form 4562 that explains this $1000 item i deemed section 179 is furniture?

I aim to fix that now.I'm debating whether to raise his rent to $2k, or just not give him the option to renew the lease so I can find a new tenant at market rent.