It is a learned skill to determine the value of a property and many people who do it for a living still do it wrong.I would never go on what any of the websites say alone.

Make sure to ask a lot of questions here and determine for yourself what exactly it is you want to do.

I own a lot of homes on owner financing which gives me adaquate depreciation(ownership is LLC funneling to an Irrevocable trust) to offset the cash flow from F&c homes.

You've made it harder for the lender to find out, but ownership has changed at that point, and therefore, the loan is due.I also suspect that as long as the lenders are up to their ears in other toubles, and interest rates remain low, they won't both as long as you keep up with the payments.

To determine the NOI, you need to know the operating expenses.

Instead, the IRS looks at EACH transaction to determine whether a "dealer disposition" has occurred.

This would most likely cause the lender to postpone the foreclosure.I would meet with the home owner as soon as possible just to determine if he is willing to work with you or not.

Remember that in addition to the "normal" expenses encountered with ownership in these properties you will have more breakage on furniture, dishes, sheets, towels (you will be providing all of that) and it's not like a rental across town that you can pop in to fix a garbage disposal, replace a bad fridge etc.

Puts ownership responsibilities on the contract buyer. 4.

Even that will take good credit, good income, and probably a year or more of ownership.