I didn't have any kind of good number on that one.

Call several, get their written information, including a copy of the rental agreement they use, how they screen applicants, what kinds of background checks they do, if they evict tenants if necessary.)Originally posted by "ianternet":Since I just started with my investment property or soon, my lease will actual be renewed next month, which I assume is too late due to the fact that it may take 2 months for closing.Have you found an appropriate property yet?

Or I do some kind of buy owner financed til seasoning kicks in?

What kinds of things should I be concerned about with a Limited or Special Warranty Deed?

I always favor simplicity, and for me I think both of them are kind of busy.

Theorectically any time you buy or sell a house you could be involved with a lawsuit, but to say oh don't buy houses because you could end up in court if so and so happens just is not practical advice.I have never heard of someone refusing to sell when there is an option, and not that it isn't something to process, but to conclude that sandwich options are a VERY RISKY investment because of this possibility seems kind of unfounded.There are risks involved with all investments and adequately and accurately assessing those risks versus the rewards is key to success in any endeavor.

I'm pretty sure that Ryan is correct about the usury laws, and anyway if you charge so much interest that the investor who's borrowing it can't make a profit you'll end up with a bunch of property that you don't want.I've made some HMLs and I've never charged anywhere near those numbers, although with points and fees I make sure I'm NETTING a very nice return.For those kinds of numbers you have to become a "payday" lender.

Kind of to "all cash"'s point, it would be "easy" to get this to positive cash flow, but you are not taking into account the "lost opportunity" to make money from the equity!

If you're needing to take some cash out , check the cost of that money (interest rate) versus what kind of return could you make on your next investment.

like ryan said, wholesaling or bird-dogging is the best way to start -i'm kind of dumb like that.