My investor/buyer has never written a seller finance deal nor have I (obviously).Did you use a special contract?

Also the loans are different in you are buying multifamily with 5 + units or say triple net leasing which uses mainly CTL lenders.Regular banks in some cases are giving out just short term loans as they want to relend the money when inflation kicks in at higher rates.Lenders who specialize and fund a specific assets class you can usually get longer terms and better rates than your local bank.

The more prepared and polished you are, the better your odds.

I was typing the other post from my phone.If your adjusted gross income is below 100K you can deduct up to a 25k(special allowance) in expenses exceeding your income.If your adjusted gross income is above 100k (unless an exception applies).

Do I still execute the same lease I use with other tenants or do I have to prepare a "special" lease in case of section 8 tenant?

We are channeling the sponge and preparing to soak in and retain as much information as possible.

I want my properties to be in proper working order from top to bottom and if something isn't working I would have a plan to take care of it prepared.

One thing is for certain: I'm no tax expert so I have three (3) different IRS Special Collections Unit revenue officers on my legal mailing list for over ten years and I just call them with questions (and they occasionally call me, too).All I know is that debts to the United States Treasury trump all other estate creditors, regardless of state law.

Short term insurance for vacant property is their speciality.

Hi Page -- Just a few quick thoughts:First, I would not pass along an analysis prepared by a third party, especially someone who might have an interest not entirely in concert with yours.