Property manager (if you have one), periodic vacancies, any common area utilities, trash, misc fixes, reserves, etc. will suck up a lot of the rest.

Sharing your experience about property management companies will help other investors on this site...it's a common area of concern.Hope to hear more about your journey.Jessica

Period.Much of what I dump in these forms is not just my far fetched opinion, it's based in end lending requirements, appraisal requirements and how seller financed transaction are viewed legally, has nothing to do with opinions of how to twist another dollar out of a borrower or lender, which, by nature is part of the goal of an investor.I realize that setting a price above the true market value has been common and justified by all sorts of false economies, but after seeing how people screw up loans and having to fix them, next to credit issues, equity in the deal is the reason these deals blow up.We really can't say what is best in this deal, all we know is that the seller is in his 40s.

City may not look to you as an owner for permits.In this case a good CFD could be devised, but not by using the common CFD as it would need to be a different installment agreement allowing for a non-judicial process.

There are always pitfalls and you must be able to survive them as you encounter them.

"Common" area?

It's great to be part of a community where all of us have the same common ground and similar goals!

That's the most common choice on a contract.

HELOC's are probably one of the most common that regularly occur.

It's a very common myth that FHA is only allowed to be used once or is only for first time home buyers.