I assume a rental.The plywood isn't the issue.In bathrooms generally leaks from commode and from the bath are the main culprits.People get out of the bath and shower and do not get off standing water.Having a real good waterproofing caulk that expands and contracts with the weight of the tub and floor movement is best for floor to baseboard joints seals.The cheaper caulk dries and is not flexible and when you have movement then a crack develops and water starts to get in behind there.So this is one place where I spend the little extra money for the good stuff.The leak for the sub floor had to be a really long time as it takes years and years of a constant leak to rot it out like that.

What kind of income stream will you need to feel comfortable with your lifestyle??

The main reason they believe we need the water sub-metering besides it being such an HOA cost, would be each unit would be able to be monitored and if a leak was constant or a big problem developing could be handled before 3 floors damaged and before major damage done.

Messing with near miss borrowers takes a good deal of financing knowledge as well as constant management showing them the way over the term of any installment agreement.

At this point you are no longer selling the property (which was sold under the land contract) but rather you are selling a future income stream.

Thanks for reviving this topic, and giving me a few more ideas on potential deals/income streams.

With 49 units if it was a decent area and all in one to two locations you could probably get 6 to 7%.If it's spread out more look for 7% to 8% but should be able to do better than 10% unless these are in a war zone requiring constant supervision.

There are discounted notes , performing notes, non-performing, etc.Some buy just for the stream of income and others want the payoff on the back end and others want a little bit of both.Your capacity and capital to start with will determine what kind of notes to go after. if you have limited capital and only buy a few notes a year you will not be looking at a bunch of bulk stuff because usually they banks will not let people cherry pick and you have to take the good with the bad and average it out so that in the end you come put ahead.

Cash flow, tax write off, income stream once you hit retirement??

You'll also have higher constants because the amortization periods are likely to be shorter.