After analyzing over 1,300 active single family homes in Reno, Nevada we found that the majority of homes cash flow around a 4% cap rate, with outliers in the 5s and even some at 6%.A cap rate is a measure of a property's investment potential, calculated by dividing the property's net operating income (NOI) by its purchase price.

The outstanding balance after 5 years (60 payments) will be approximately $364,814.The buyer would need to pay this amount at the end of the 5-year term, typically through refinancing or other financial arrangements.Using the Promissory Note for Financing in Florida:The promissory note valued at $400,000 from the sale can be used as collateral.Assuming you can get a loan of 75% of the note's value, you could potentially access $300,000 to assist in purchasing your new home in Florida.This detailed scenario underscores the potential benefits of seller financing, such as generating additional cash flow and converting equity into liquid capital for reinvestment.

I canceled our online subscription and bought one desktop version.I hate paying $650/year now for QB Desktop but it’s the lowest-cost solution to our problems.

Do you know what the reno should really cost, not just agreeing with the GC? 

My partner is skeptical of using key cards (which I think would be the easiest/best route) as he thinks they have too much potential to be demagnetized and cause us a lot of work. 

Side note: I've been seeing recently in the CA market, its become saturated with "flippers" who want to land their first deal and don't mind overspending on a potential flip just to get experience.

I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo and renting out one to two rooms to offset the costs of her rent.

They had signed the lease, but I had held off signing until they paid the upfront move-in costs. 

Can I expense my moving costs if I am moving across the country to pursue RE investing full-time in another state?

I can understand that low cost housing will appeal appeal to a different tenant profile, but if the product itself is very good won't it also attract the kind of tenant you want more readily?!?