You need to check your local residential rental laws to see if you would be impacted similarly.Assuming you want the rental period to remain monthly If your tenant wanted to pay bi-weekly as opposed to semi-monthly, I would insist that each payment remain $1000.00 to ensure rent for the month is payed in-full by the first.At the end of the year, you could carry forward the extra 2K accumulated to the first month of the next year.If his pay is going into a bank account, I do not understand whey he can not simply schedule a recurring {semi}-monthly payment to you for his rent rather than have his employer implement another payroll deduction {it is possible you would not be an eligible recipient}.

My goal is to work part-time and supplement the remaining income (I worked full-time prior to having my son) with rental income, and also building up my number of rental properties yearly.

I was thinking as a strategy what if I got a HELOC on the number one property, keep using the HELOC to buy multiple lower end rentals (20% down on each one), then sell the number one property and do a 1031 exchange with the remaining profit from the sale.

Until the lessor transfers title to the merchandise to the consumer, the relationship of the parties to a rental-purchase agreement shall be that of a lessor and lessee and not that of a seller and buyer, and title to the merchandise shall remain vested with the lessor.

One of those four was subsequently paid the $2000. and the quit claim deed they signed was registered with the county.Now the remaining four owners say that they have an investor-buyer who is going to pay $70. for the house and they are just going to sell it to the investor-buyer.In addition to all that; I own the property next door and their garage is partially build on my land.

It really makes the place look updated for our future tenants.We started a pest treatment schedule so that they will be clear for when we start leasing down the road.While we are getting our security system in order, we put up a dummy camera facing the dumpster in addition to posting two yellow signs that say "smile, your on camera".Building Permit UpdateStill working on the permits required to do the remaining interior work such as the closing up uncovered walls, ceilings, plumbing, electrical insulation etc.

After that year, I would exercise my option to buy and purchase the home for the remaining balance.I understand this is all subject to the terms I can negotiate with the seller.I'm looking for any feedback.

Many so-called gurus out there may have done well during the boom...much like hitting the side of a barn; you couldn't miss back then.Now, even though certain principles remain the same, market conditions are much different.

You know I'm a sucker for long-term fixed-rate financing - such a great inflation and cash flow hedge.

The beauty is, you don't qualify, the initial borrower remains responsible as the loans are non-qualifying assumeable.