Just think, you can throw your excess cash flow to the principal and have them paid off when you're 40.

quick note here...almsot everyone shoots from the hip and recommends an LLC these days...i don't know your situation, your business model, or your CPA so it could be right....but i like to talk to a few different CPA's and other people who've been there before...most of the flippers on this board recommend an LLC taxed as an S-corp...supposedly by paying yourself a salary, you eliminate self emloyemnt or FICA taxes or something...i couldve gotten that wrong, and you may already know this..but i thought i'd throw it out there just in case...if i mentinoed something you hadn't thought of, definitely research it on this forum bc i'm sure i got it wrong and you can double check with the know-it-alls!!

I would never let the buyer hold on to the title because all they would have to do is initial the 'lien release' portion of the title with your initials and they could sell the home.I'll throw something else out there that has worked pretty well for me.

Throw in the interest you paid, insurance, taxes and maintenance, and its almost always negative.

Thanks for throwing stones without any knowledge.

I'll throw it out there that Guide One is inexpensive for investment property (and has no issues with the property being in an LLC), and I've also heard that Foremost is good as well.I just insured a 4-family (purchased for 75k, insured at 150K) in Ohio for $525/year through GuideOne.

Perhaps with more starting capital this could have worked well, but in the throws of the credit crisis it was hard for that to be an option. 9 out of 10 businesses fail because they are under-capitalized.

If the investors have that much money to throw down in cash.

sorry, tangentsI guess the whole buying a condo w/no HOA is sort of an open ended question to the knowledge base here, and if you all could give any war stories, ideas or advice (especially for a young gun without 200K+ in cash to throw around) or if anyone would like to lend me $300k that would be great too (had to ask!

They can handle any volume you throw at them, big or small.