The rent-to-value rations here are completely out of whack.It would be very smart of you to do a 1031 exchange into other markets that generate better cash-on-cash returns.Nevada and Arizona used to be great markets, but less so today with the low inventory levels there and particularly the rapid and large price increases in those markets over the last 24 months.

The only consistency in my income will be after I have a property to rent and generate income.

One side is already occupied generating $650/mo.

Unfortunately, for me, it generates more questions than easy answers.

I was just addressing some concerns I would have as the seller if a random buyer, who I knew nothing about, approached me wanting to buy my property this way.

And it generates a ton of interest for some reason.

A report generated by one of the three major credit bureaus may not contain all of the information pertaining to your credit history.

As per the zoning permit's it's 3 dwelling unit and a 4 rooming units .I'm buying the place out cash and according to local realThe rent for each of the 3 dwelling apartment is $500 they pay there own utilities and it's $350 for each rooming unit but I'll pay there utilities generating a month about $2900 before expenses ( insurance , water. , garbage maintenance ,electric for the rooming )It's my first deal so I want to make sure it's sounds realistic and it's a good deal

We have been doing this for a little over 12 years.My goal is for real estate to provide financial freedom so that we have more time to travel and enjoy our family.We recently purchased a duplex in Southeastern Wyoming (Cheyenne) that we are in the process of renovating to rent.We are looking at doing some flipping or wholesaling to generate some additional cash so we can continue to grow.

When you don't have much capital gains now, and the property can generate positive cashflow with long-term appreciation potential.