That leaves you $402.79 a month in cash flow.Assuming 100% financing, your P&I is $496.51, leaving you $303.49 a month.If you choose to self manage, you can earn the property manager's slice for yourself.

I have looked at rental applications before that listed HUGE car payments and student loan payments and despite that they did earn 3X the rent, they ended up not being the best "match" for my rental.

Let's just say, hypothetically, you want to earn $10,000 per month in passive income from real estate.

In these deals, it customary for the owner to provide some management assistance after the sale, this is an area that can be used to set a fee and earn additional compensation that can be applied to that second.Are you providing mgt after the sale or could you?

It worked well for a while but one-by-one all my loans defaulted when the economy turned.On the other hand, my private lending portfolio was, and continues to be profitable, and I have earned a steady 10% or better throughout.

But at the same time, some might not realize they want to sell their homes and earn some cash until presented with the opportunity.

I would choose a path that presents the least risk to your hard earned money, and approach it as a business transaction, looking for an acceptable ROI and what is left for them to recover will be FAR better than loosing both the cash and credit in a foreclosure.

If they have cash earning 0% interest; then it will be attractive to them and safe if the LTV is low.

He has an expensive course earning cash from the banks, using "in lieu of" deals.

Earn enough money to not worry about where my next tank of gas, or meal will come from.