Your looking at a 7% cap, it's an alright cash investment, but it wont float with debt services.

Now, at  this point the judge has many options:Throw out the contract, give possession to Mr.

I have about $22,000 in student loan debt.

The seller may try to recover possession of the property through a foreclosure action if the contract has been in effect for five years or more and you have paid more than 20 percent of the purchase price.So selling on land contract has greater repossession abilities in case of default for the seller-owner-vendor.  

Do it the third person non-possessive he said. 

A avoid personal debt 2.

I'd like to get an FHA loan to do a cash-out refi and use the money for home improvements, some minor debt pay down (mostly to raise credit scores) a cushion for starting my real estate career, and ultimately buy a new house and convert the current one to a rental.

I rarely have DSTs available with that much debt. 

Paying down debt (student loans if any) and working on credit will also be helpful in the future.

The only thing that makes my numbers work is no debt service.