My credit card only carries 9.2% APR but if I'm paying a hundred-ensome dollars in interest a month and hoping for $2-250/mo cash flow from rent, I'm eating into that hard until that credit card is paid off.I hope that's helpful and makes sense.

Using sub-contractors, you pay for the work they perform, they carry insurance, license etc., in the long run, this could save you lots of money.

If you carried the Mortgage for her How much would that cost a month (the mortgage plus the taxes)?

Scrubbing does nothing for it.

Investment decisions require a market risk evaluation as to the probability of future market conditions, real estate, being a non-liquid investment carries less volatility compared to interest rates or stock options or options on commodities.10.

It's a big source of contention and can carry harsh penalties. 

We have to carry it as an LLC if we have employees but not if we don't.

.#1 - see if a bank would lend me $400k for the down payment - Owner would owner carry $1.6 mil - however payments would not start until possibly end of year one or two....maybe this could be modified with a 10% down payment - so borrow $200k 1st year, borrow $200k 2nd year, then owner carry payments start year 3 -- either way figure it will only work if he's willing to start taking payments a year or 2 after I would take control to give me time to put money back in the properties and get them turned around.#2 - partner with owner in some fashion - we work together for say 5 years -- at the end of 5 years I have the option to buy at an agreed price?

Hi Linda:It would make the most sense to locate the property(ies) that you want to purchase in your first round of acquisitions prior to funding the refinance on your primary residence if you are worried about carrying the interest with no returns. 

I self funded this project so carrying costs for taxes, insurance, utilities and lawn care were under $250 per month.