Ok, let me ask a more specific question on owner's financing.

I say clean the heck out of the stove and fridge, throw some fresh paint on the wall and put some window fixtures up to make it a more apealing for a small amount of time and money.

I wasn't sure if the yellow letters would work as effectivley for agents because home owners may expect a more formal style typed letter from an agent as opposed to the handwritten ones from investors.

I'm not looking for a moral loophole to leap through here... if they're not a good idea, they're not a good idea.

Better to get that cash into a more profitable set of rental properties.

Maybe there is someone here who has a more clear understanding of the law in California regarding this?

A more realistic estimate would be $13,200.

The downside, OTOH, can be very significant if you have a major expense.The 50% rule does nothing more than give a more realistic estimate of the "expectation value" of the cash flow from a real estate investment.

I recently read this blog post and it brought up some new questions for me.http://www.biggerpockets.com/renewsblog/2011/07/21/using-seller-financing-to-acquire-properties-still-works/The concept of the post is that a more expensive purchase price can still be a good deal with better loan terms.

They're a mix of old, seasoned veterans, and young kids who make their way around on skate boards.Jobs couldn't have left at a more prosperous time for his company.