Pay to perform is the way it should be.

JaNae  stay in contact with @Alex Craig, although he lives in Memphis he picked a good location for his first store in Knoxville - next to the Third Creek Greenway, near West High School and between the University Campus and the new intermural fields on Sutherland.If you want to learn more about KnoxREIA go to the YouTube.com/KnoxREIA channel.

Hello everyone,I currently own one rental, a primary residence and looking to buy a third property (preferably a duplex).

(joint and several, meaning all 3 responsible for full rent on the lease)Lease expires soon and new lease needs to be signed, but 1 guy wants out in the middle of the new term and other 2 say they will find a third and keep paying full rent until they do.

@Christopher DeitzI live in LA, I think master leases are a great idea, shoot for $500 a month positive, use a performance lease, owner gets paid when Rei gets paid

In my opinion the house hack is the way to go because once you get it rented you can continue to save for your third property much more quickly!

Finance is not real estate that most take lightly, while underwriting guidelines exist now for seller financing there is also a side that RMLOs probably aren't aware of, that is looking into the future as to the probability of a borrower performing  as  expected, obtaining other financing, secondary market underwriting is easy, predicting the future takes more skill and experience.Good luck :) 

You'll need a good accountant to help you calculate this annually.Non-recourse lenders generally require a higher down payment, have certain property requirements (must be income producing, etc) and the loans are generally structured as 3 - 5 year ARMS.A third scenario would be your IRA co-investing with someone else as tenants-in-common.  

Land a great job with your college performance and you'll be able to have the best of both worlds in a few years.Sincerely,Chagrined college grad (2.74 GPA) who wishes he'd applied himself better.

I stumbled across a parcel of land that seemed to have potential, and I performed the requisite preliminary market demand and economic feasibility analysis.