Credits may be agreed to, but when it comes time to refinance the obligation, lenders will look to the fair market rent that is determined at that time as to the amounts they will allow as equity.

Hello,I’m fairly new to BP and RE investing and seeking some advice.

Read up on FCRA (Fair Credit Reporting Act) to find out why your simple response to the tenant is inadequate. 

Hey Adam,There is a meeting that Jon Huber set up that happens fairly regularly (monthy-ish).  

You are in California,I would have a property manager advertise the property as a Lease PurchaseFind the largest PM coAsk what fair rent is, and advertise lower than that, I use that as a teaser or base rent or discounted rentFor ex) say market rent is $2000, advertise for $1875in lease it is $1875 IF the rent is paid on or before the 1st, they will earn a discount of $125.Then see a RMLO I use www.SellerFinanceConsultants.comThey approve the credit and income and debt.Charge 4% fee, 1% to RMLOCall me - text first - I train in Lease 2 Own - for pointers in marketing for great buyers.Best Wishes,Brian

Comps are a little tough for this property because it is on a fairly busy main route into town.

I'm fairly certain that I'll net 50K. 

After independence, the country was underpopulated and homesteading was prevalent - or else land was just taken from the indians etc. there are many advantages to having skin in the game.

You can find the FHA guidelines online, which are actually fairly extensive.  

Hi All,I am fairly new to BP and real estate investing (as in we are looking to purchase our first multi-family soon).