The regulations are nearly always at that level, so don't assume based on a nearby municipality, go straight to the source.

For sake of discussion, let's say the monthly payment is around $200 ($166 of principal on a straight-line payback and whatever the interest is [the loan is probably fully amortized, so the principal-interest amounts are going to vary each month]).In today's world, $200 a month is not a lot of money when you are making a professional income.

The rent to own has generated more interest than the straight rental.The home value will be right around $78k in value after refinancing.A flat $4000 down payment, the property price increased to $90k(for me being the bank) and it will be on an 15yr am at 10%.

I am underwriting a fairly straight forward joint venture 40 unit apartment net new construction project with a local builder.

I was thinking I would be savvy if I didn't bring a realtor to the table and they don't have one either, but I need to get my strategy straight.

That works well, straight, to the point, makes sense.

I'll just list a couple here:1) What Every Real Estate Investor Needs to Know About Cashflow - Frank Gallinelli (no matter what type of investing you do, you will need to know the numbers very well and this book helps you understand all the numbers associated with multifamily investing)2) Financial Freedom with Real Estate Investing - Michael Blank (Straight forward, easy to follow guide to getting started in multifamily investing)Lastly, education is fantastic and absolutely essential in this business so take a few months to dive deep on concepts and understanding all the terminology. 

As a result no one tenant is in the house for 12 months straight and utilities fall on the land lord. what are your thoughts on something like this?

This turned out to be the case as the unit we moved out of has been rented for $2000/mo ever since, which goes straight to the bottom line.How did you find this deal and how did you negotiate it?

The proceeds go straight back into my SD IRA.So now I have most of my money back, just need to recover that other $4K of investment.I'm making payments to the seller on $117 at 6% or whatever (I saw this in a recent real life case), for let's say 20 years.