Since I was the "bank" in this loan, I started it at our initial cost basis of 30K.

I think it is the feeling of everyone else here, including myself, that collecting a full month's rent upfront shows to us, the landlords, that the tenant had the ability to pay the initial full rent with security deposit.

The initial charges would be assault with a deadly weapon and or attempted murder, or murder.

Any vacancies generate a discount from the full price.

Do I even need to go into what happens the vast majority of times when the 2nd and 3rd generation receive money earned by the 1st generation?

The financing part:Total investment 71.500,=Mortgage 50.000,= => 300,=/month (@6%, 30yr) => 0 (initial) CASHFLOWDownpayment 21.500,=What do you think about this?

My family has been in real estate for the past 3 generations and I found no way to escape when I got out of the service.

Your RE business generates more income than any other income source.As opposed to depreciation which spreads deductions over 27.5 years (residential only), you could do a cost segragation analysis on your property (cost is between 2k-3k) which always produces larger tax deduction benefits and partially avoids the depreciation recapture when you sell.

I asked the magistrate's clerk when filing initial paper to evict ...what to do if the late tenant comes up with the rent.

Most hard money lenders want to be on the initial purchase rather than the take out loan.Even tougher is doing loans under $50,000.