If you miss a rent payment, your friend will be in a position of making the mortgage payment on his own.

Depending on your cash position you can still offer seller financing.

I guess I always like one extreme or another... either 100% loan minimize cash out of pocket and create less but positive decent net income...or pay 20% and minimize expenses and maximize monthly net income.... does this make sense or am I being silly!!

I'll meet with the two who showed positive interest and see what they have to say.

Or you can take many different routes from this point on, for example you can help the homeowner refinance to get into a better position then before!

Do you think you will be able to walk away from all six rental properties with a positive cash hit?

I have been studying real estate for almost a year now and I am finally in the position to make something happen.

Sounds like you have a great foundation and are in a great position to expand.

They do not want to compromise their position as they are not offering representation to the seller.

Originally posted by "Rehab702": On the down side if you buy a house for the purpose of renting it you will still have a negative cash flow as the rent to price ration is still only about 0.6%, this means that a $250,000 house will rent for about $1500. 8)Are there any locations in the west coast that gives you positive cash flow in renting?