It just gives me a bit of creative leisure as well as a productive skill I get to see how it affects others.

The one she last told me about is the HOA was suing one homeowner because he was had a porch light greater than 60 watts.The last property I owned within an HOA community was spending an average of $50,000 annually on legal fees.

Average rents in the area are $581.00 for mainly small, dark, two-bedroom apartments.

Lease Purchase - .88 of market rent, option at .95 of average comps from sellerTo New Tenant Buyer, market rent, 20% rent credit 1st year only, 3% down option.Marketing Tenant BuyerDo an Open House, lots of signs, Thurs night 5 - 8 pm, market rent and rent credit will draw them in.Form TBer - Use http://www.biggerpockets.com/files/user/REISkills/file/tenant-buyer-eval-formHope this helps.Brian

@Karen Margrave I am considering taking vacant land to the finished product of multifamily homes, primary duplexes or triplexes.

Different lenders will vary, but 70-75% LTV is about average from what I've seen.

I'd want to know the condition, the average rent they are getting, and most importantly- the expenses for the property. 3.)

I am not sure what you question is regarding 70% off.Subject property in average condition seems to be pretty inferior to Sale 2.

This is a pretty niche product - much like the 5-10 financing.

I highly recommend:"How I Turned $1,000 into Five Million in Real Estate" by William Nickerson"Landlording" by Leigh Robinson (it is the best selling LL book of all time)"Buy and Hold Forever" by David Schumacher and Steve DexterI recently read Rich Weese's book and liked it a lot.The Flip book was average at best.