Be careful structuring too much creative stuff with a bank, it may land you in hot water.

You will have plenty of low ball offers if you list it right now.

I was trying to merge this goal with the goal of a moderate cash flowing property but it seems this isn't a possible scenario.I intend to invest in cash flowing properties outside of this deal and have already done one cash deal where I bought a property all in for 33k that would comp for about 35k and sold it on land contract for 48k, with 14k down and the balance to be paid at 8% over 6 years.I am continuing to learn and hope to develop my knowledge and comfort in doing a variety of real estate deals but for now I will start with buy/hold rental properties or land contract notes As I have minimal sweat equity/time.My financial situation is interesting as I am a fourth year medical student who will not realize a substantial income for another 5-6 years.

About $80-90k because in my area a $45k SFR is either a mobile home (minus the land) or in the midst of a drug turf war.

Jon,Hi, This property is only 6 years old and has over a acre of land in Wetstone, Az.

TrevorIn Ohio, I would buy it on land contract and then either assigned my interest or keep the land contract and rented out or lease to own the propertyOhio has great land contract lawsIf you sell on land contract as a seller, you do not have to go through foreclosure if the vendee does not pay you, you can actually fit in landlord-tenant court if the vendee has paid less than 20% into the contract and/or been in the property under five yearsOhio has come under greater scrutiny with assigning contractsYou're better off getting on title first with either subject to, land contract, or some kind of wraparound mortgage\installment saleI hope that helps

If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.

A 4" ball should not be able to pass through any space in the handrails (pickets, bottom rail clearance etc).

Lending to a SDIRA is a different ball game as the loans have to be non-recourse, we do these loans, just at a lower LTV.

I don't see seasoned investors buying these types of properties for the most part.So then in my mind these newer investors are buying properties that have minimal returns because they do not have the experience to properly analyze a purchase price.If you are buying TURN KEY you are paying for it.If you want some easy don't expect to get rich off of it.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.Again I have never used a turn key company.I just know based on many accounts of others buying through them that many times it does not work in their favor.I have yet to see an independant third party that bought post everywhere that they are cash flowing great and would use turn key again.Instead it's nightmare after nightmare.If I have to deal with a properties nightmares I will do the work and reap ALL the forced equity I wring out of it.Not overpay for lipstick and then be fixing problem after problem.Before you buy in that area go to the eviction court and see how many cases are processing a month?