The finishes and restorations flow well.

You need to make rent close to the fair market rent for the property, the rest or overage can go toward the option.To level the deal, if needed, give credits to the buyer of up to 3% of the sale price in the closing costs normally paid by the buyer.Interest rates are irrelevant on the seller's side the buyer is not assuming the loan.Don't attempt to wrap the mortgage as a subject-to deal as this is a lease and an option, you can look at principal reductions and apply that to the option, but again, you will then be accepting payments on the option and that is seller financing.

The house needs a basic restore including:Popcorn ceiling removalNew flooring (tile downstairs, carpet upstairs)Paint and wall repairNew ground and crown mouldingPlease point me in the direction of a reputable GC here in the DFW area.

(they were not a fan lol) I was VERY VERY active on some motorcycle forums as I restored a Yamaha Vmax as well as a Maxim X.

Not to mention most Realtors don't understand investing, and or how we want to massage numbers.

I have followed some of the forums on BP for a while now and think it is about time I join.I am purchasing a large number of single family homes throughout the Salt Lake area with a group called Restore Utah.

To leave it with the property owner might cause some individual homeowners to lose their home but then an investor that can handle fixing the problem will be able to benefit and restore the home to functionality.

That gives us some good passive income and benefits as a safety net, and it opens me up to new opportunities to learn and do new things.I've owned 4 houses before, including completely restoring a 1940's dutch colonial in Ohio that I did almost all the work on, but we currently rent as it made more financial sense for the moment.

Because if I'm understand the 50% and 2% rule, then I'm doing thing the wrong way.Also after I finish the paint job and floors should I focus on my next purchase or should I focus on restoring the carriage house first?

I'd go if you were the speaker :) FYI: I have a successful construction company(rennovations, storm damage restorations) here just looking for ways to integrate REI into this market and yours when it gets there.