I've got my eye on a property in Jacksonville, Florida, and I'm trying to gauge if it's a smart investment.The deal:Asking Price: $102,000Type: 3-bedroom, 2-bathroom homeUnique Aspect: Currently rented out in separate unitsRental Income: $1,600 per monthNet Profit Post-Expenses: Approx. $1,200 per monthI'm at that crucial point where everything seems a bit overwhelming.

Non deductible, Better Proximity securing loans) “ROI soonest months” “Cheapest”. 2nd. 3rd Deals, Off Market, brokerage, government, 4thJudicial, Move to USA 1031Tenant Management due diligencePrevious landlords Credit score,eviction record, income to debt between 40 and 60%,hours at home,Pets, poor character appearance Ie tattoos,drugs,crime,personality,dirty car.Value Add focal pointsRaise the rent,Rehab, maximize rooming, section 8, Reducing management “general”Rehab etiquettecompartmentalizations & entry,Colours, Lighting, Fixtures & Amenities, floor, bathroom cheaper / kitchens, fixed stylization.

I negotiated seller financing for: - Purchase price: $400,000 - Monthly income: $6,000 - Interest rate: 4% The seller requests a $160,000 down payment.

The banks won't underwrite the income or the square footage.  

It's strange that you've had little interest in the portfolio of properties...unless they're not producing income or improperly priced based on location, condition, etc.

Best practice is to have equity that you can sell if this happens or you are positive your W-2 income, good credit and equity position will allow you to refinance fast to another lender in the future if this happens.

Investing in passive income and venturing to other business ventures.

One element you must incorporate into your search is income predictability. 

Hi Kostyas, I am in a similar situation as you but have avoided the substantial presence test so far.May I ask how your foreign income is treated in the US?

Go to list source.com and enter each ZIP code and search for corporate buyers - you don’t need to buy the list, just build a spreadsheet that shows how many corporate owned properties are in each zip code - that will tell you where the active areas are.