Therefore many attorneys don't understand assignments; simultaneous closings; land contracts; structuring owner financing; or purchasing subject to.  

Mortgage on $375K based on 4% for 30 years is $1,790Total Yearly Expense is $29,410 and Monthly expense + Mortgage is $4,241The property is giving income of $5200 a month from all 4 apartments, with monthly Cash flow of under $1,000 a month.Even that Cash flow look very good, the Cap Rate is only 6.28% and COC of 7.67%.Also owner is offering to "hold mortgage for balance" - what does that means?

I use propertyware(software for property owners) which from my understanding pulls data from Transunion, Experian and Equifax.

I currently pay rent for living on one side of a duplex and the owners are looking to sell their property to me in the next 3-4 months.  

My CPA told me to just record a journal entry for expenses bought from personal accounts or credit cards as an Owner Contribution in my accounting software. 

24% delinquency by private party owners?

Ask the current owner.

But remax, KW, etc. are all locally owned franchises with local broker owners.

@Curt Davis,That's an interesting perspective regarding lease length.I understand your point (multi-year leases would appear to provide more consistency and peace of mind for the owner and potentially less turnover and placement expenses over time).

How much do the about 11 units bring in each month and how much does it cost each month to make this happen, EXCLUSIVE of paying the owner carry?