It's called "joint and several liability" in the lease.The bankruptcy isn't a deal killer if (a) it's closed and (b) they've been responsible since then.

Remove the commission (Or just make it very small) and have the rest negotiated into the deal with the seller.

It is truly passive.

It seems to me that there is some potential for buying foreclosures at auction.

A lawyer can ensure it's clear, legal, and comprehensive, but it's best to draft the basics together first.

It is why I asked if you really intended to offer seller financing with a 5% rate.

I wouldn't buy land with a loan. as someone who works with land every single day it should be considered an equity contribution. if you are putting a loan on land you are buying unimproved land and just adding a mortgage. you are going to make it more difficult at later stages to recapitalize.

Unless you find a deal off market directly, you're often up against seasoned investors with distinct advantages in funding and experience.For newer investors, the live in flip may be the best way to gain an edge over pure flippers, as you can usually offer a bit more since you're looking at it from a longer term perspective (2+ years as opposed to flipping it ASAP).I'd also recommend house hacking a 3-4 unit property and fixing up the units as they turn over.

It will take some work and flexibility on design, but it isn't that hard.Here is a pretty good article on the subject of furniture depreciation - https://www.business-accounting.net/how-to-depreciate-furnit...Get with your CPA to make sure you meet all the requirements.

The tenant has no legal footing, and an eviction is happening whether they like it or not.