This software is so affordable and has features like: automatic payments from your tenants bank account, tenant screening, publishing vacancies to sites such as realtor, zillow, Craigslist, etc., and keeps individual spreadsheets for each of your properties.

FHA loans will require a low down payment, and you'd be living in one unit while the rest of the unit(s) pay your mortgage.

The owners want $40k up front and then will finance two other payments at 5% for the next two years. 

Since we don't owe anything on this property and are looking to hold loan payments on next purchases I was hoping that we could use the equity towards that.

The option fee usually becomes part of your down payment, but is lost if you do not exercise the option.

Sell the car payments, brew your own coffee, learn to love pb&j, get a 3rd job.  

Ok my friend asked me about his idea  - to set up a business to offer landlords upfront payments for their future rent checks at a discount for example rent for year 12,000 - he would offer 10k.

The 5 that have not been paid in full are all in default.That works out to a 36% default rate, and 43% that either defaulted or had late payment(s).

Why is the renter paying your down payment and agreeing to buy at a $30k premium in 3 years, plus shelling out an additional $500/month until then. 

I wanted to give them much lower down payment And have them finace the bulk of the purchase price.