Don't forget to account for lawn care, legal fees for evictions, leases, etc.I would need 0% owner financing for this deal to work for me.  

In a foreclosure, you may have debt boot that you would owe taxes on.Mark

The legal/procedural overhead of a private placement is too high for a small deal like that.

This could lead to a future event that optionee comes up and buy my property at a stipulated price.Currently, I have heard a few things:- Title company: they say there have been a few transactions after this Option, there should be no issue, but this is not covered by insurance- an unpaid legal advice from a local lawyer: this is a defected title, should cancel the purchase- Realtor: we will try to remove this, but this is not an important issue- Realtor friends: No.

It is a slower process for me dealing with work, family, and debt, but I know I will continue to grow more each year and hopefully a lot faster with some partners.

So nothing we can legally change there.  

I look at the Gross Income and then do 50% of that to = NOII look at the purchase price and do 7% interest to figure out my Debtand then I subtract.Example: $2million purchase price300k Gross income150k NOI140k Debt= 10k Cash Returns a year

I look at the Gross Income and then do 50% of that to = NOII look at the purchase price and do 7% interest to figure out my Debtand then I subtract.Example: $2million purchase price300k Gross income150k NOI140k Debt= 10k Cash Returns a year

Has anyway had issues with legal zoom?

I’m trying to get an idea of a pro forma P&L, and I honestly have no idea what the costs are, outside of the costs of the note itself and legal expenses.