. :-)Again, I'm not looking at this from an appraisal or a tax assessment or a marketing standpoint...those definitions of square footage are well defined (for most areas), but often unrelated to what it cost to actually build the structure.

Only try and find a buyer pre-conditioned by not having any preconditioning to be locked into a magic yield number which you have nicely already defined for them.

@Eric Gar - First, whatever you do, I hope it is based on defined (and preferably documented) criteria such as credit score, income, pet policy, past evictions, and references and not on age or familial status.

I am more stuck on the house finding aspect.

They may be old and worn out, they may have medical issues, they may need to move from the area or there may be external issues that hinder them in operating the business.The other aspect is knowledge.

For now I'm focusing on educating myself as much as possible on all aspects of Real Estate.Thanks in advanced to everyone that has posted helpful information on BP and I'm eager to continue to learn.

The best advice I can give in relation to your question is develop an investment strategy and that will help you define your target capital needs and goals.

You will literally find information about every aspect of real estate you could possibly think of in this community.To quickly answer your inquiries:so could i be succesful workin around these hours?

Other than aspects of the loan to value as to the borrower, the property is irrelevant to seller financing.I understand you're saying that property conformity comes into play in conventional however, a seller financed loan or installment loan the property collateralized has been owned by the lender.

When filling out my Schedule E this past year there is only a small paragraph defining Line 14 (Repairs) and only references Publication 527 for further information on Depreciation.