Benefit of this is really two-fold: first is that you can buy the property in your own name for good financing options, and then utilizing the Land Trust you can keep your name anonymous from public record if you have your attorney sign as the nominee trustee.This article explains the process a bit more.There can be other factors at play in these matters, so it is really important to tie in an experienced attorney - I just wanted to highlight another option in which you should be able to keep your funding while also being protected.

Fair enough - food for thought, though, if 6% is the best you can do in the area, but you've got that amount of cash to play with, look in a different market.

So we drowned our “experience”  in food....tomorrow I get to venture out into Chicago’s polar vortex and blow my tenants snow!

This is a tremendous help and shows the claims adjuster and insurance company you are on top of securing your asset which, I believe helps highlight you as a good client / risk for future underwriting decisions.

Occasionally, if they are repeat renters, I trade for gator, boudin or other fresh gulf coast food. 

I have a question and some food for thought.

If you used a FAR-BAR AS-IS contract there is a loser pays provision in the contract... make sure that is highlighted in your next contact with the seller, their agent, and the agent's broker.That should help expedite solving the problem you have.

Restaurant typically after food and labor you want to see rent to sales health ratio of 8% or less.So restaurant 4,745 X 12 months = 56,940 rent56,940 rent / 800,000 annual sales = 7.1% ratioRestaurant you want to check on reviews for yelp online, when restaurant was last re-imaged and updated inside and out, if owners have changes hands many times over the years, if FF and E (fixtures,furniture, and equipment) is leased or owned,etc. 

A rental property will make you as much money in a 2-3 years and then for years to come.Just food for thought...

This might sound a bit crazy but I delivered food for a couple of weekends in addition to my normal 9-5 job which was enough to meet the criteria of my own business in 2018.