We sold it without posting the payment - but we did sell it to a neighbor that was renting.Maybe will work, maybe you think it's a bad idea, I do no tknow - just throwing it out there for consideration.

There is also a very nice cash consideration given to move.As for my wholesaling business, I figure it would be just as good to start there as it would be here, if not better since people in the northeast don't buy or rehab houses in the winter.I'm considering buying a newer house that needs work and fixing it up while I get settled there for my first rehab project.I'll stop the rambling there....thanks in advance for your input.

I believe I have structured my agreement with a very win - win scenario, and I want you to pick it apart and tell me what you think is wrong with it, where I could get in trouble, or what you'd do differently.Basically, I ask for 3-5% up front as an option consideration which goes to the purchase price, or is forfeited if they don't buy the house.My house (3BR/3BA) appraised a month ago for $185,000, which is the price I started it as if they buy it today, with a 2% appreciation (which I feel is more than fair) so in 2 years they'd buy the house for $193,000.Lastly, I charge $1,500 a month rent (with a $100 credit towards purchase price if they buy it) and the average rent in my area for a house like mine is $1,300 - $1,600.Let it rip, I'm learning so much from this site and I appreciate your honesty.

Yes, it is all more expensive.There are more considerations than just liability protection when considering LLC's or not - you should speak to both your attorney, and your tax preparer (Not H&R Block).I still have one property in my own name that I acquired before I started buying in LLC's.

Its possible, but difficult, and may attract the attention of the SEC or state securities agencies (a topic of considerable debate here.)Your best bet is someone you already know who knows you and who has money in low return investments like bank CDs.

You won't get much consideration for obvious problems, even if they're major.

Of course, there are non-financial considerations here as well:- Getting the loan will build goodwill with the bank- Youmight sleep better knowing you have cash reserves (or knowing you don't have a note)- Etc...

And that means that the appreciation rate must be even greater for this rental property, at its current rents and current expenses to be a worthwhile investment.Yes, there are tax considerations that I neglected to include.

Many things to take into consideration.

What am I not taking into consideration?