And to be clear, I'm not talking about personal tax returns, only the schedule "e", as it relates to the property I am looking to purchase.

They have more skin in the game then you do.Make sure you get clear title.

I understand the preference, but he's only got a few months left and clearly doesn't care about the smoking prohibility.

For me, investor profil has to fit the risk/reward ratios of the deal (Be clear with him, if this is a value add deal, stabilized asset etc...

It sounds like you're on the right track - living at home to cut costs and paying down your bills.

After running numbers i'm looking at around $780/month in positive cash flow .The seller owns these properties free and clear and wants 5% interest and for me to pay any transfer/closing costs, i'm estimating $1,500.My question is, how do you pay down principal on a deal like this?  

I am in need of a new roof soon and have been looking into solar panels on my roof as an option to cut my electric bill.

The seller owns this property free and clear, and was very, very turned off by any idea of seller financing at first.

Hope this is clear.

It will be interesting to see if Trump does a complete turn around.In the last 24 hours the Chinese have made it clear how hard they will play.