Correct me if I am wrong but my understanding is for lower end properties (of $ 150 k and lower) the profit is basically equals to an hourly wage of the time and effort you put in to make the whole process happen.

So here is the scenario:Current Market Value as of the Lease Option was written in as $247,000(this is a number we both agreed on .. based of an appraisal that was a year old and off of tax assessment.)Option Consideration was $10,000 (roughly 4%)Purchase price at the end of the lease is $247,000 minus the option consideration of 10,000 equals 237,000 due at closing.

This is a vital team member for me and a person that I want to build a lifelong relationship with.

There will be times when there are plenty (past few years) but when the market improves there will be more competition and less foreclosures which equals thin profits.To me, the solution to this problem is direct marketing.

(line 6 of schedule E) or the 1388 needs to be spread equally across all your properties ?

I just want to get other peoples opinions of using a family trust to hold ownership of all LLC's versus us using our names and being equal partners?

I have an applicant who looks like they could be a good renter, but has a few negatives (already discussed in the thread linked to below) and so I've decided to approve them, asking for first + last month's rent in addition to a security deposit equal to one month's rent.

Networking is always good and vital.

So we're both equal owners.

@Vlad_Selsky All else being equal equal, your cash flow swing of 3,492 is largely the result of lower debt service because of the smaller mortgage when you use some of your own funds instead of 100% financing.I am usually skeptical of no-money-down deals because the financing terms are typically less favorable compared to conventional financing.