Seller financing is the Wild West and in 2 years when the economy stalls and interest rates are still 7 and housing has sunk 15% we will see how some of these “creative financing” deals panned out.

Just the other day I was looking around a house and there was signs of a toilet, shower and tub having been backed up and I thought of this post.

I've had 16 people stay in my house and if one toilet has a problem, or a sink leaks, they have 2 others and they don't mind at all.

We did a cosmetic rehab (replaced some flooring, new paint, new toilet, added a back porch), found a lease/option tenant/buyer who paid $875/mth rent and paid a $3700 option fee.

I heard Since tenant rent to owns no need of any repairs or toilet issue.

Plant only grass above the drainfield.Signs of Stress: surface water is ponding in the drainfield area, drains are not draining quickly, toilets flush slowly or make strange sounds, water is backing up into your basement.

Hope everything pans out with your appraisal, refi, and operations!

We really wanted that ski cabin for personal use, but the numbers really didn't pan out positively when reality set in and we only used it once a year turning into a bad investment. 

I see one important thing missing: no Toilet Paper holder.

You can earn double digit passive returns without any management headaches, broken toilets, excess resrves needed, etc. and no UBIT.