I understand why the banks want skin in the game, I was more concerned that there was a Fed rule that disallowed this type of bank behavior.Looks like I need to keep shopping.

Shortly after doing so, my ERISA attorney made me aware of some investigations that the IRS and DOL were initiating into these types of products, and there was concern about whether they were legal or not.

The bank is likely more concerned about the amount of the payment, which can vary on a specifically priced home.

I do have each person on the lease.The type of tenant base this is however is that say a mother,son and daughter live there.Her sister approaches the mother and says let us move in and we will pay 250 towards the rent as we can't afford a place of our own.Upon our bi-weekly inspections we find that the sister and her 2 kids are there.Now you have 6 using the water etc.The reality with apartment buildings of this age and tenant base is that families consolidate to save costs.They might be renting an apartment elsewhere for 600.Job hours are cut and they move in with sis and pay 250 and save 350 a month.The extra usage of water is what I am concerned about.I do not condone extra people there but want to control extra water usage.

That, is my concern.

I'm not as concerned about what someone will say is a top appreciation area since those will change from time to time.At 1031 exchange is definitely required somewhere along the line to increase your depreciable basis for the amount of investment that you have.

Im concerned that once the repairs are done the tenants will use it as a bedroom, which is unsafe.Should this space be left as-is?

We haven't got any recommendations for one yet.My main concern is finding an agent who is not going to outbid us if we find a good deal...

Hello everyone- I have a quick questions- This is concerning my first wholesale deal.

That will get me to 18 houses.My hope is that, as the prices start to go up and sales start coming back, I'll be able to continue buying 2 a year by doing a flip and making 15 to 20k and then using that to pay down a buy/hold deal where the cash flow is still at that $300 a month or more.Not as concerned with cash on cash return as much as I am with chunking in the net cash flow and continuing to grow.25 houses by age 45 is my goal.