Furthermore, I recommend scheduling a home inspection by a certified specialist who can identify any underlying issues that may not be obvious or known by the seller.

I'd request the seller's Schedule E for the property.

If you have a busy 9-5 routine but have the money to get started and don't have enough time, turnkey companies provide some of the best resources to scale your portfolio.

At the minimum you would be banned forever from the program.I haven't gotten a contract or lease yet, as the local housing authority has been very slow with even getting the inspection scheduled.

Ask to see it yourself but schedule it ahead of time. 

I recommend marketing two weeks prior to completion with a little buffer for the move-in date in case you get behind schedule.

Turnkey companies are a great way to get started and if you have a busy 9-5 routine, it will be even better to just work with them and scale your portfolio.

It appears from talking to a friend that it may be possible to just file a 1040 and thus omit the tedious 1065s and 1120- one apparently has to do schedule E for the pass through income for the 1040.

The seller acts as the bank – you sign a promissory note with them and you pay them a mortgage instead of to the bank.A promissory note is a legally binding document that contains all the particulars of a seller financing including the repayment schedule.

If you are in NC and want to grab coffee, let's get something on the schedule.