As a response to that, during our recent conversation, he said that he would invest with me up to $50,000, at 4% simple interest, for up to 10 years, with interest only payments.

., to an owner-occupant) or doesn't want to (for reasons of speed, convenience, etc.).Here's my simple test: If the seller would be best served by selling the house retail through an agent, then that's what they probably should do, and there's no good reason for you to get in the way of that.

This is one of those times that your simple upgrades can make for a great ROI 

Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow. 

They want to close quick, and they want you emotional, these are their normal business operations.

Wordpress or Wix works well for a simple website.

Texas is a Landlord Friendly State, and the Notice To Vacate is a Simple 1-Page Form.

Keep it simple.

Loan balance is $175k at end of year 3.Assume sale price is $300,000 in year 3. 6% commission paid.Projected Gross Rent: $2,000 per monthProjected CF Y1: $6,000 (DIY PM, 0% vacancy)0% vacancy is to keep this simple.

Canadian real estate and financial instructions do not operate like they do in the estates.