susan, thanks for the replyive never heard of this possibility before- so bare with me...if i could find this "MONEY MAN" and got a loan on the from him for the repairs and down payment (hopefully a 10% down investor loan)...we'd be talking around $40K...this $40K loan could be interest only at say 10%...also the deal would include 50% appreciation to the "money man"...so basically this money man gets 10% return on his $$ plus 50% of any future appreciationthis "money man" would have no responsibility whatsoever...i would do all proprery management, dealing w/ contractors, screening tenants, dealing w/ tenants etc...i would also retain any and all of the cash flowhow does this sound?...

Alternatively, the lender might demand the loan be recast at current market rates, including modified payments to retain the same amortization period and fees for doing so, or the lender may do nothing at all.Now consider an AITD buyer who (obviously) takes title subject to the underlying loan.

Subject 2 assignmentsOnce you have more knowledge, move on to strategies where you retain and manage properties.

@Nicholas Aiola Can you clarify... for your S-Corp's K1, do you retain your profit as ordinary income (Box 1) or distribute everything to yourself (I believe Box 12)?

If you are not familiar with construction I would definitely advise retaining an architect beyond design and maybe also a owner's rep/construction manager.

- "Manager retains the rights following termination to all owner and tenant collection accounts."4) Below is a general list I copied from the internet.

I'm retaining this property long term.

Show the seller what he will receive over the period of owner financing --if seller took back $100,000 @ 8% interest, interest only payments, paid monthly with a balloon at the end of 60 months - would look like this 8% x $100,000 = $8,000 a year ($666.66 a month for 60 months = $40,000 plus the principal balance in a balloon payment of $100,000 - so the seller get his equity of $100,000 plus $40,000 in interest) these facts can be very motivating.Seller needs to know about capital gains and the benefits of seller financing and installment reporting.Seller can use the financing note as a down payment or other real estate or sell the note at a discount.Seller can split the note - 4  $25,000 notes or 2 $50,000 notes - again these notes can act as down payments  deposits on other real estate, sold or retained as monthly income or given to relatives as gifts.When seller financing is accepted - you may want to consider the following agreements or clauses:Always build in a discount in the event you pay the note off early (big savings here).Always make the mortgage a First Subordinated mortgage - this means that if you refi - you can place the seller's mortgage in 2nd position - since a lenders usually wants to be in first position.Make that mortgage fully assumable with release of liability - that means when you sell the property, your buyer can assume it, and you are released from the obligation (this is good)When selling the property - you can do a wrap-around - meaning if your interest to the seller is 5%, you can wrap the mortgage at a higher rate - like 10% - that means you are making 5% on money you owe - this is sandwiching the mortgage (this is good - never stop negotiating)Build in a clause that allows you to walk the mortgage to another property with equal or greater equity - this is called substitution of collateral.

I’d also retain 51% control to avoid deadlocks

Was there an additional lien retained in the deed?