If you take it subject to then you can seller finance it to him on a land contract for his existing financing.Check with a local real estate attorney to make sure all the documents are in order.If he needs to refinance to create lower payments then that would fall on you if you take it subject to.

An Agreement of Purchase and Sale is created and executed.6.

What is the best way to go about raising the rate to create more cash flow without loosing tenants?

You have to look at list price and see if they are over inflating, at market, or below market for current condition of the property being marketed for sale.Without knowing your current net worth, liquidity, annual profit income from job or business it is hard to comment further.For example if you have good cash coming in and want to create wealth you might be better off buying a new house in a new development going up phase zero (just dirt and pipes).

Hi Anastasia,I would like to agree with both @Salvatore Giancola and @Cassidy Logsdon; Windsor's low purchase price and rent ratios can create an ideal situation for cash flow.

It is better to create a system to narrow the field of properties, and then run the math on the ones that fall into the narrowed criteria.

Terms-terms-terms; you want terms; terms that you create and are comfortable with.

Hi Rick,I have created my own KPI's (key performance indicators) and occupancy is calculated just to compare MOM and YOY trends. 

The reporting feature (found within the Transaction Page) allows you to select custom date ranges, property portfolios/groups, or you can single out a specific property. 

Josh Dorken and Brandon Turner recommended creating the meetup to network with investors and it is working.I am still attending other REIA's but this one is full of new BP members helping other new BP members.