Besides, my opinions on what's wrong with the property, the only way to make this property cash flow positive is increase your down payment to 30 to 35%, this way your debt service will become smaller than your rental income and you'll start earning a $25 a month of positive cash flow.Austin is a tough market, if you are going for newer properties.

Richard, i think that is a great thing to do for your parents and is a good plan. if you have any siblings, just make sure you get everything in writing about the deal and that you will pay off the debt in the mean time and that it will be yours, just to avoid any future arguments. 

It would be like a bank saying you can only use your credit card for certain things.

Hi @Powell CheeI'm a local Indy investor and have experience with some folks both here in town and locally who love to place debt on these smaller multifamily deals.

For example, does one of your properties have enough equity that you could put all the debt associated with it AND THAT DEBT associated with another property into it? 

Here is my situation:  I have paid nearly all my debt. 

Or a list of properties with low amounts of debt on them to have a full list of properties to do potential seller financed deals with?

You can play the card of needing to have verifiable documents before listing the property.

I've seen others have hand-written the message (probably copied after the 1st) with a business card - not sure if that's more effective or not. 

Since I'm low on money but could always use credit cards to get the ball rolling these are my two options unless I find a Investor who is looking at getting some rentals.