That seemed like gold to me.

All valid income sources on pg. 1 of the 1040 would be added together (losses subjtracted out), then that number would get divided by 12.Connect with me if you have more questions.

Ad said ...............................In reality"ground level" actually, it is half underground level(half basement),"central AC" you need to ask landlord to bring you a WINDOW unit,do you have a phone jacks?

There will always be the diamond in the rough and there will always be the fool's gold in the stream.

I also do not know any lenders who allow a note that large unless the buyer is putting 10 to 15% down and then you are at a value of 60% LTV.Usually with resale costs 25% second added on would take most of the sellers equity out.Leslie,First do not lump 4 (a quad) into the same category as 5-12 units.

It seems owner-financing is out the window legally, but I am seeing lots of ads on craigslist, in parks, etc advertising terms and owner financing.

Some owners upgrade their appliances and put out ads to "come pick them up if you can move them yourself".

Before adding more rentals, I'd like to flip some houses to strengthen my cash position and have a lot of questions.

Why does adding an address make them feel better?

A good tenant that's really dug in for the long haul is worth their weight in gold.