Actually, I would ask for buyout + 50% of all rent that would be payable up to the maturation of the balloon note up front, and maybe give him credit for 4% occupancy (8% halved) annually.

For Landlords you can hire a Home Inspector to do your annual walk through to see what the tenant has done to the property and what repairs might need to be made!

We had ten LMHA properties but I have been weaning down anyplace without exterior siding or in excellent condition as the annual inspection (actually every 9 months so every 3/4 of a year) become very expensive to pass in old homes.

I have been told by the trust company that holds my self directed IRA that they require an annual appraisal of my properties' worth. 

Cash flow is created by calculating annual rental income - annual expenses = annual cash flowIf you are buying strictly on a cash flow basis you will eventually need to establish your personal comfortable level of how much risk you are comfortable taking.For example: Class C properties (row homes) are usually better cash flowing than Class A single family home on average.

Arms are adjustable on a annual basis every year after their period of fixed rate expires. 

I've read through all of the posts and have a  have a few of questions:  I've seen one custodian have fees greater than $100 to apply, load and pay an annual fee for a debit card?  

@Kyle Stoltz somewhere I read the average income was around $37K annually for a agent.

One thing to note is that there is a cost not only to getting your license, but also an annual cost of operating as a realtor as well.

There is the incorporation fee and initial costs sure, but some states charge annual fees and you have to pay for the tax return to be done (unless you self-accountant).