- My wife and I purchased a single family home in 1998- We moved out of that home (and the state) in August 2003- We rented the home from that point until November 2005- We have decided to sell the home and it has been on the market (slow market) for a few months.- I just did my 2005 tax return.

Glad you decided to join us here at BiggerPockets.com.

Yes,When you structure your deal, be wary of a few things:- Your rent credit cannot be ridiculously high, when the tenant/buyer decides to start executing, the banks will need to see credibility in the monthly payments.

Took another walk through on Saturday and decided it was... then got the news this morning.So, on to the next one.

She may at the end of it all decide it just wont sell and you can then come back with a low offer to "help" her out of the situation.

Decide based on pictures of the property you are buying or by walking through the property how much the repairs will be.

I am still totally at lost on deciding where to invest my money or credit.

This is our first venture into real estate financing, so while we both are skilled with our hands, we decided to make some profit for ourselves.

I have literally seen values plummet, because a developer has sloppy CCR’s, and some builder decides to go cheap and uses vinyl siding, when the rest of the builders have been using stone and stucco.

I am planning on purchasing a 4-plex that is fully rented, but in the future when leases end or tenants decide to getup and leave.