I suggest starting with owner financing and lease options-some investors don't like this technique so it can be a niche for you..It was for me and as a result I became successful..There are other little to no risk methods like flipping wholesale projects(yes it is legal) you have to have the knowledge as to how to structure your deal but I already have a book going..I recommend starting with these type of methods because it will build your cash flow and once you have consistent profit you can become even more creative and do more advanced strategies.

Am I looking at the cost structure in a wrong way?

* Multi-Family Housing – We fund residential structures that contain five or more dwelling units in the same building.

Then invest in that method.

If you do a couple of deals you could then go to an attorney and say "How do I structure this so that it works for me?"

From a beginers prospective it doesn't make much sense since I haven't experienced these things yet.How to Buy and Manage Rental Properties: The Milin Method of Real Estate Management for the Small InvestorThis book has some interesting forms to use.

In my opinion it would be much easier and safer transaction to structure a one year lease option to buy with a sizable amount down from the tenant.Good luck!

I am an investor/developer working on new/rehab housing in Chicago, partnering with investors on deals and consulting with investors on deal structures and organizational development (setting up LLCs and corporations).

How do you structure the seller financed part?

My question, as a method of getting the asking price lowered, would it be prudent to ask for a credit of our rental payments toward the asking price of the house?