It is 2 floors, and the basement, to me, looks like it could be another aptm - separate entrance, high ceiling, lots of open space.

I do not know your states licensing laws but if you can get a mortgage broker's license separate from being a licensed agent go that route.

My next in line to read is a book that REI suggested in a separate thread, "Wealth Protection Secrets of a Millionaire Real Estate Investor" :groovy:

If your properties have a lot of equity it may be wise to do separate LLCs.

The lesson I learned from that experience is to collect the application fee separately in certified funds (or cash).

Meanwhile, we've got some really high forclosure rates, and giving an owner-financed opportunity for someone to build into property ownership again seems to be a good way to hedge your bet against transient, destructive tenants.Plus, structuring a separate paper deal for a higher interest rate certainly seems like a good play.

You could get a job today at Dairy Queen that pays more than you're making.The only thing that separates your life 5 years in the future from your life today is the books you'll read, the people you'll meet, and the education you'll acquire.

She's entertaining a $170K option purchase offer.She's willing to enter into separate master lease with sublet rights for $600/month.The property seriously needs cleaned up and could use a coat of paint on the exterior, but is otherwise in halfway decent shape and very structurally sound.After cleanup and residential rents, FMV should be $220K.

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

(Use it only for that, and don't separate the pen from the pad) Setup your notepad.