I initially used MLS listings so I can teach myself how to analyze deals so when I did find a good deal, it gave me enough practice in running #s so I can pull the trigger. 

Don't let properties get run down and look vacant.  

You can protect yourself by running tenant screening as well as ask references from last landlord.

@Shane O'Donnell Hi, I am available if you would like to run some questions by me.

It runs around $80.

Should I run the deal by a title company? 

If i wouldn't live there myself, I wont even consider it.  2. run then number with a "worst case" rental amount, and if you still make 150-200 or more per unit, then it is a pretty good deal.Good luck making your first purchase.  

I should have run away screaming when I saw this house!  

I have the dream truck I want and don't have the desire to spend on a vehicle.  

However if you charge an owner occupant 6% and 4 points your total finance charge (less than 10% total) would stay under the (today's limit) close to 11.5%If you are going to sell with owner financing to owner occupants, then you just need to use an MLO/RMLO to run the numbers and that is just an extra closing cost that you can pass onto the buyer or just pay the cost yourself since the real reason to comply is to protect yourself.But none of that applies when we are buying with owner financing as investors, except for any state laws, and there are only a handful of states with strict investor limits.