Other lenders tack on additional requirements.

If the seller takes a mortgage from the buyer, the seller calculates the gain as if he/she receives all the money when the sale takes place, then the seller picks up a percentage of the total gain, each year equal to the cash received each year, divided by the total sales price.  

BUT, be sure you send in the January payment by mid December, so the mortgage company receives it and posts it as a December payment.  

Additionally, does anyone own/invest in Finneytown?  

@Amanda Moore I'm not a wholesaler, however lead capture and follow up are pretty universal concepts.. so my question/suggestion to you would be this: I am assuming you are at least receiving some amount of phone calls from your marketing which tells you that you have at least some level of an interest to sell from property owners.

I am upper 30s and looking at this for additional income and possibly a career change.

I know I will have to pay incomes taxes as apart of this conversion, but I've been doing some reading and can't seem to understand if I will also be hit with additional taxes as a result of something called "pro-rata rule".

I have a private investor that intends on investing $100K for a period of 5 years with a 10% return with an option to receive all investment after 3 years.  

I as going to open a new account to receive his money.  

My actual cashflow is barely $100 and it would be negative if I were to factor in all additional costs(i.e.