Knowing everything about your business, and subsequently managing all people involved, unfortunately, always rests on our shoulders.

You will be paying taxes on $20k, not on $50k.In short, net income is your income after deductible expenses.

The previous leasing company confirmed the resident had paid their rent on time every time.

Most consumer loans do require this, but investor loans vary more on this point. 2.

The only requirement was that the seller obtained an U&O prior to the closing.

However, when dealing with a seller that you know owns the home outright, what is a very simplistic way to explain seller financing, what the process looks like, and the benefit to the seller?

What are your thoughts on them trying again in this field and does this help hosts at all? 

Hi BP Community,I'm looking for advice on whether I should rent out or sell my home in Sacramento, CA.

Hey Kyle,That's an amazing result, helping an investor net almost $100k on a fix and flip in Aurora!

Be sure to go to the calendar of events here on Facebook as most official Bigger Pockets meetups are postedhttps://www.biggerpockets.com/...Also check out Meetup.com (be sure to look for live meetups, not virtual ones)And in Kansas City - Mid-America Association of Real Estate Investors is hosting it's 200th meeting Tuesday August 13th.