You cash out to retire, like everyone else in the working world, and enjoy your serious years.

We have plenty of money in the bank from the sale of a home in CA.

Turn Key Type 1 vs Turn Key Type 2 1) Assumption: Turn Key – Type 1 Company Name Invests Mostly Passive Investment 2) Assumption: Turn Key - Type 2 Taking Property Subject To Mostly Passive Investment Assumption: Investor has to get financing from a bank or from Turn Key company Or Invests $80,000 cash Requires $16,000 cash plus closing costs Assumption: Investor takes over seller’s loan (Subject To or Wrap) and does not have to get financing from a bank or from Turn Key company.

I own a 5-plex in a small town in East Central Nebraska, and have actually had people who say they were appraisers from my bank (they weren't) go into the building and try to talk to tenants about the kind of info you were describing as well as looking to get my number. 

Of course, there is no guarantee the bank will accept the asking price....they will look at comps. 

I can imagine it will be tough to get pre approved from a bank.

This helps allows us to be able to get financing from pretty much any local bank.

I enjoy doing it, I rent to section 8 tenants and love the kind of cash flow my units produce; I think my favorite part of self-managing is that every time I visit my properties I am reminded of how absolutely amazing my life is and how bad I could have it. 

Buying a 4plex all 1 bedrooms from this older guy. 45k I am putting 10k down to my bank and my bank sent me an email and had the following offer... can someone breakdown the last section for me, I guess I am not familiar with shorter ammortization technology and how it works::;;;$35,000 FIXED at 5.375 for 72 months. 

I contacted them every 4 months or so to make sure there were no issues and they are enjoying the home.