I would structure it as a note to be created with 4 years prepaid interest and 4 year balloon for 850k.

Being with other investors in your area also creates a synergy and excitement that you won't get by reading.Time to reach out and interact.

Them, the IRS employees, and the financial planners all tell you things that create income and employees, and nothing real or negative.Good luck to you!

@peterpham created a Meetup for August 14, at 7pm at Dineen Coffee Co.If you're interested in attending our very first Bigger Pockets - Toronto Meetup, be sure to RSVP here to save your spot:https://www.meetup.com/meetup-group-eRCXVbxb/events/253517472/

This can create risk of negative cash flow during vacancy or other events in which income is low or expenses are high. 

In the meanwhile, I can share some of the letter templates we have created.

Got it done in 12-16 hours.Drywall was $19.95 a piece, needing custom sawing, tape cracks.

My Wife Kimberly Moses is a Agent here in Vacaville CA, (Vaca Vally KW office) I love the culture and attitude that KW creates.

I live in the basement because usually the basement level is the "lesser" of the two levels so you can maximize the rental income of the property by renting out the "nicer" level for more money.You are also right that walling of the upstairs and the downstairs can be tricky, but some front entrances are set up in a way where the stairs to go downstairs are right there when you walk in the front door, so you put up some walls that you will take down when you go to resell it as a single family home and create a little foyer and then you have separate entrances.

Two significant revenue procedures created a structure that allowed groups of investors to go into a property specifically structured by a sponsor as totally passive tenants in common ownership.