Now we are mostly scaling our business with larger communities but I've used many different creative finance strategies including seller finance, private lending, hard-money, collateral from other properties, and lease-options. 

.: You will also owe depreciation recapture tax. 

Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out. 

I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month in gross rental revenueThe property is in a declining population areaRecently rennovated, and all major things were relatively recently improved such as plumbing, the roof, a/c, electric, etc.Will require a lot of management as it is rent by the room so I may switch to a normal rental after 10 yearsI'm trying to find what will mathematically net me the most money in the long run.

Let us know how it goes.I provide my screening criteria on my website, and I encourage applicants to screen themselves before applying so they don't waste my time, their time, or their money.

A tenant lost his job at the same time as his wife, I met with them and found out they had family in Atlanta thay could move in with, but didn't have the money to get there.

If its a Class C I'd go for a more affordable unit, there's no point in putting in more money than you have to. 

He made a lot of money and the developer is the “hated” villain but my initial protege knew what the land was going to be used for.  

The PM company doesn't really do anything with the 1099s since the rent money doesn't belong to the PM.  

I’m currently in the save all of money phase, I want a couple years of solid savings and some education before I get started, I’m 33 and have been working construction my whole life so this will be a much different career path for me.