Also, I know that due diligence is extremely important in finding a deal that will be profitable.

If they can't pay to get in the place, i can't trust them to pay rent.Once everything clears, they get the rental deposit receipts and the keys.RE: taking a check for the rental application.

actually, i think the tightnening of conventional loans is going to create a large market for owner-financing selling. i just want to get some profit out up front. i'm thinking of selling either using a land trust(which i would have to refi first), or creating a first and selling it to a note funding company. i would have to discount, i know, but depending on what i net, at least i'll hopefully be able to take out most of my profit and move on.i think i have a better chance of moving if i give up a little of my profit. sometimes win/win works.jim

ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

I have heard some things about a charitable remainder trust and how gains are not taxed, but I am ignorant of the facts around them.

Our civic leaders have worked vigorously to make that happen and have been extremely successful in getting the right people involved in a very short amount of time.

I don't trust them.

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When you establish this trust, you can sell to them a few times a year or every month with some buyers.Don't be affraid to talk to the investors that you find, or the ones that call you, they may be old school and just not know.

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