It may be a frustrating few years until the area grows around you, but can pay off in the long run.

You can pay for it with FHA loans or regular loans.

I have my second contract with renters - it is great when they pay Lessons learned?

Owner financed scenario:Here is what I thought off:- pay market price ($920k)- Interest: 2-3% year - Down payment: 0-$30,000 - Paying interest only for the first 15 years- Balloon payment at year 15 (or refinance then)The numbers don’t seem to work either.

Do you have to pay them a fee to be in the brokerage?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Was able to have the seller pay all closing cost and fees (over $25,000) How did you find this deal and how did you negotiate it?

I place only used and would never pay for a new stove or refrigerator.I simply keep my eyes out for good working stoves and fridges and usually have a couple spares on hand and if something goes down that is not an easy fix I just grab the trailer and dolly and exchange it.And in my area you can find working white stoves and single fridges for $100.00 each if you pick it up yourself.

Here's a short list of just a portion of the features from:  https://www.myreipro.com/pricing 10 Step Workflow System InstalledREIPro Home ValueRent ValueProperty DetailsTax InformationMortgage InfoTransaction HistoryStreet ViewReal Comparable SalesRecorded Sales - Not Estimated ValuesFree Phone Number LookupCell Phone & Non-published NumbersNearest Relative Phone Number LookupSeller Phone Scripts & QuestionsGet Offers Accepted with Our Multiple Offer SystemMake Cash OffersMake Lease Option OffersMake Seller Finance OffersPrint Offers on DemandThe Cons:  For me, the $1068 for the year was just over what I wanted to pay.  

Pick your dilemma - tenant quits paying rent and squats in the house for 2 months while you spend $1,000 to evict them, the AC goes out and it's $5,000 to repair, you need a new water heater, or roof, etc.