Probably something simple I am missing or the deal just doesn't make sense.3 condos, the owner has 14 out possible 48 in this complex and if the deal goes through may lead to more deals with her.the condos are 1/1, 2/1 and 2/2, she is asking 76k for the 2 2/1s and 64k for the one bedroom. total 216k, she would hold a second position note for 30k with me putting down the remainder of the 20% down (13,200) and pay closing costs. she would like 6 payments, one each year of 5200 for 6 years which comes out to 31200 total, about 1.5% interest rate if my calculations are correct.For simplicity, I am counting the 3 as a triplex, so rental income is 2325/month, tenants pay for electric and gas, HOA of 185(555) per pays for water, sewer and garbage as well as exterior and common area maintenance, snow removal, grass cutting, etc. taxes are 266 and insurance is 50 month (HO-6) policy which I hadn't heard of before.

-cutting the grass or any yard work-painting-cleaning -mail work-answering phonesAlso depends how old your chIldren are

Sessions in particular is very anti MJ.I can easily see a situation where the feds crack down and civil forfeiture rules allow them to seize all the real estate involved.

Keep in mind as you drive around some of the pointers I have learned on BP are: look for properties that have tall grass, look unoccupied, etc. as potential targets.

On a recent podcast it was explained that the FEDs can’t tax a loan and the rental income to pay pay down the financing is subject to lower taxes.  

Definitely I will have a lawyer looking at it, but I want to do some checking myself first.Some questions to experienced members:Would the fed consider the sell date 1) the start of the rent-to-own agreement or 2) the date that renter/buyer actually buys the property? 

We cut the grass and found the house open in a few places so we went in and found building supplies etc but obviously no recent activity.

The two remaining projects are finishing the yard (irrigation system, sidewalks, grass, fencing and flowerbeds/trees/bushes) and building a garage.

I got fed up with this argument so I sent in a email solicitation I got from a wholesaler to my department of real estate .. 

And interest rates right now with the Fed increasing again will be in the 6's or so.