There were four areas of concern that I noted during the walkthrough:1) A $600 kitchen ceiling fan -- the centerpiece of the kitchen decor -- had been replaced by a cheesy $40 bathroom fixture.

See what is being offered for rent and take note of the condition compared to yours. $200 in swing for condition are normal in my market.

An installment sale to a dealer, which results in:a) deferral of capital gains tax (for 30 years);b) an installment note from the dealer, which pays the seller interest-only payments for 30 years, and ending in a balloon payment, at which time the principal is repaid to the seller by the dealer and the capital gain is recognized.2.

Well noted.

hi, just wondering, (for hard concrete facts)..if you have any link addressing this, ...specifically....can a business card, or note, be left (betw) the mailbox and flag?

I'm currently in the Racine/Kenosha DFD's, sticky notes, Letgo app, CL and got some leads from a couple people trying to help me get my feet wet.

@Isaac Chun they could offer a promissory note, or cross collateralize other properties.

I'll try leaving them a note.

Side note: I think it would be cool to have a small meetup for landlords / wannabe landlords to discuss and share tips on all the peculiarities that come with this unique territory.

I structured the deal so that the 4 other investors would hold the note and come up with the funds needed to purchase.