I'm trying to decide if the house is worth what I would have to pay for it, as it is fairly nice and unique in other ways.Thanks!

First, you won't be getting a conventional 30 year fixed on all these properties, you will be looking at commercial financing for most if not all, and if you are a new investor/landlord, you'll want 2 years tax returns to count the rents as income, unless there are some unique circumstances.How long is left on the CFD that the seller (to you) has left?

I have a website being made now with a semi unique take on marketing(modeled after one of the successful BP wholesalers.)

The Cali market is unique.

Hard money or your own friends and family- both fall under the non-institutional.I personally think this is a great position to be in, but bankers have to work within guidelines, so when he couldn't do the loan, he was probably being helpful - trying to steer you to someone who could actually help you.So - to find a lender - you need to find someone in your local area, to whom you can show the previous financials and who will understand that you are uniquely positioned to resurrect this business.

The obligation to repay the credit arises only if the home ceases to be your principal residence within 36 months from the date of purchase.

It's all about being unique while still addressing the actual needs of your target market.Find a way to appeal to your market subconsciously and you're even further along than the competition.

Just remember that you can always accelerate your mortgage payments anytime with the 30-year fixed rate loan, but the 15-year fixed doesn't provide you that option if you ever want to increase your net cash flow from your property.Without crunching your actual number for you, a 15-year mortgage will probably cut your net cash flow and cash-on-cash return down by about 40%.Bottom line is: go with what makes the most sense to you in terms of cash flow, rates of returns, and loan repayment -- but always make sure you get a fixed rate loan if you're financing it.Feel free to contact me anytime with any other questions.

Even with the anticipated 12% rent increase, you are only averaging $361/month per door before any expenses or mortgage repayment....knock out 50% for expenses and you are at $180/month/door ($1620/month) to pay mortgage, utilities and yourself.

I will comment to that as it is a unique arrangement not mentioned before.It's a pre-arranged installment sale.