So what’s your current income level and DTI?

They trust you as a person, relative, etc.

It can also lead to abuse by tenants and neglect of properties by landlords, as there's no incentive to improve housing.If anyone doesn't know yet there's a major push for rent controls in cities across California and even at the state level (AB1506 trying to spread it to SFRs and condominiums). 

We are specifically looking for entry-level talent in marketing, acquisitions, general admin, and/or a mix of the three. 

Your LOI is non-binding and generally covers only the high level terms - price, earnest money, timing, contingencies, etc.

Not to mention some of these countries have unemployment levels as high as 30%, so you could rent to someone who has never had a job, may not speak English and can't drive a car. 

.- use back half of the lower level for self storage facility and rent those out.- Lease out the store front half of the lower level to retail or something similar (not a priority since the apartments and storage alone will cash-flow the deal)Operating Expenses: ~$11000 (high estimate)NOI: $26350.00Debt Expense: $18914Cash Flow before taxes: $7438.00Taxable NOI: $4425I’m not looking to pay myself anything, as I’d just like to hold this as long as possible for my kids and to learn as much as possible for my next deal.

Mine has a large waiting list of tenants that exclusively rent out of her portfolio because they know they will find the right placement for them and they trust her abilities to care for the property in working class neighborhoods, when often times rental properties are in substandard condition.

There isn't enough information to give a solid answer but consider the options of the family member lending you the money and putting a Deed of Trust against the property the same way a bank would.

The beauty of seller financing, is it's easy to have a conversation with them after you build trust by making on time payments.