I used to feel bad about him working so hard but now I've just accepted that he's certainly willing to stay and pay the late fee.One of the issues with working with someone who has spent a lot of time in prison (and I have seen this with my partners own brother who has been in prison 3 times) is that there are folks who do extremely well in a controlled environment (prison, the military) when someone else is telling them what to do but do absolutely lousy on their own.   

  $500 buyers side commissions are extremely rare.Second...

I guess I'm thinking out loud...

Going off of what was previously said i seriously think you just got ripped off extremely hard. 1 why did you pay cash for a house and not do financing?

You find a property at an extreme discount and you find a buyer who is ready, willing, and able to buy that property at a slightly less of a discount that you bought it at.

As I had decided to shift my business model specifically towards potential Sub2 deals, I determined that refining these negotiating techniques would be extremely beneficial.

If you want to be in the rental income business you need to be extremely careful analyzing your expenses.As @James Syed stated your expense ratio for MultiFamily properties will be between 40 - 60% on average on a well maintained property.  

In one example provided by KBRA, if it was determined that the purchase option attached to a property violated consumer protection laws, tenants would then stop making rental payments, which could cause significant shortages in the funds available to the note holder to make payments to the servicer.And if that happens, the funds that ultimately flow to the bondholder could dry up as well.KBRA does caution that rent-to-own and lease to own securitizations are in their extreme infancy, and said that it expects to see “significant diligence and disclosure” surrounding the deals’ inherent risks.

As for FHA, it is a little more stringent towards safety related issues and you must also pass something called self sufficiency (75% of the rents must cover the PITI payment) to be able to satisfy the lender to give you the loan.BUT If you can get properties to pass these criteria (most certainly can be done), it is an extremely lucrative and low cost way to get into your first property.

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