Seller financing has hiccuped over the past several years, but even that seems to be moving back towards some semblance of normalization.  

This is not something I normally do anymore, but it helped me understand all the different reasons a person may not be paying taxes.

And do you know what the normal terms & rates would be?

Yeah, screen your tenants well and you will more than likely not have those kinds of problems.The deductible is a bad idea because its customary that because they are renting the house they are not responsible for normal wear and tear (which is subjective in some cases) but its one of the few benefits of renting over owning a home.If you start charging them deductibles then they might as well buy a house.Just my opinion.

A foreclosure can be caused by many event, including buying at the top of the market and realizing your way underwater.I tell everyone before screening I'm not looking for perfect credit, if they had perfect credit they would be buying, but I'm looking for people that pay their bills on time, maybe have had a hickup or two, but generally pay everything they owe every month.If someone has something very serious on thier credit, they normally tell me then and save us both the hassle of declining them.

I normally buy foreclosed with issues so I buy knowing I have to repair my money pump before I can try to start it.You're right Tony, I haven't had an out-of-towner who looks at my high profit neighborhood and blindly buys...though most happily buy in slightly-better areas after they've seen what I have been getting gold from. :) If I can make it in a challenged area, the blue-collar fringes are down right appealing!

When you use these statements you are telling the buyer or seller that what they are requesting is not normal.

I agree with the above advice except that ignoring appreciation factors is not normally how one would invest.

Hi Mark, It depends on what market you are in but 7-8% Cap is quite normal for multifamily.

So you have one of two options...a) use a normal grout and make sure you remember the make and color for when problems arise.