Fundamentally, the business model had flaws though and we didn't have enough cash to sustain our lifestyle and work through the flaws to make it viable long term.

There is definitley no right or wrong answer to this of course but I think there are a few rules of thumb I would apply:1) Keep it professional2) Do not relate it to flipping...this can have a negative stigma to some people and you may change your business model over time3) Check with registered businesses in the state you open your business in to make sure you do not pick a name that can get confused with another business

I used the model lease agreement provided by BP which covered everything.

My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.We had a one-year lease for the first year only after which time we never renewed and as such have been month-to-month tenants for over 24 years.Now our landlord wishes to sell the house and evict us, and it's causing stress and anxiety every day.I am here for information to learn if our landlord:1) must by law sell it to someone who will continue to rent to us; or2) will be able to force us out; or3) if this is a case that could go either way.New Jersey law states that one cause for an eviction action is when "the owner of a house or building with three or fewer apartments wants to move in or is selling the house or building to a buyer who wants to move in."

The model works but it's usually a hassle to deal with that income bracket.

As such, I use a % of the cash invested to arrive at my minimum profit margin and typically, if I stay at no more than 75% of exit value less repairs, I have a deal worth doing here in CA.In GA, with lower exit values, that model would not work.

I recently bought a duplex and the current tenant is well below market rents but has been a model tenant for years.

Pick the one that best suites your needs.The only major difference will be in the Lender Paid versus Borrower Paid compensation models (ie. interest rate will likely be about 0.50% higher on lender paid scenario, but your closing costs will be less on Lender paid as well).Good luck.

Those deals still make sense for those players.I do mostly buy-and-hold in my personal portfolio and we require at least 20% ROE using conservative pro forma modeling assumptions from a custom model we use in Excel.For build or fix-and-flip projects I have seen recently you can get unlevered 30% returns and at least double that with prudent leverage ratios.

It just may not be in his business model to do flip-and-fixes or rentals right now, especially if this is his very first real estate deal.