I went to a "seminar" for Than Merrill and it was a total waste of time. 

This is totally unacceptable to me.Take my advice, if you list anything in Zillow, DO NOT show your name.

I am totally blown away trying to sell a house I purchased 4 years ago at PA Judicial sale. 

I’m in the due diligence period for my first note that I found through an online note exchange.

He would put down 44k that is what he has to put down total including all closing costs.

All of the units are currently rented.I plan on raising the total rent to $3400 (it is currently under priced)I plan on putting $5-10k into rehab At the $271k price I’m looking at an estimated -$26 cashflow loss while my wife and I are living there and a $355cashflow gain when we leave.$391 doesn’t seem like much so I may put one or two units on AirBnb.

It's totally up to you but I think very few investors would suggest less than 7% on anything with 20 units or less.As for repairs, the 10% you have total is for reserves (I think these are actually pretty good numbers depending on the age of the place).

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

For example, my plan is to focus on three passive income sources 1) real estate, 2) stock market cap gains and dividends, and 3) online business models such as blogging or Amazon FBA.

•Total rehab was about 3 weeks but it was done 1,2 hours at a time on my lunch break and Saturday mornings.