What looks good on paper can fall apart when it matters most. 

On paper, the person seemed okay, but I had the feeling she wouldn't commit to the property.

For a single sink with sporadic use, electric tankless sounds good on paper but is usually the wrong choice in small-bay industrial units.A 3–5 gallon traditional electric tank almost always wins for reliability, cost, and tenant behavior.Here’s why:1.

You can manage everything securely online, skip the paper clutter, and even get paid postage for the ads you choose to open.

Meaning, in order to offset w2 income with STR paper losses, you must fulfill material participation criteria in your STR(s), the least of which would be 100 hours and no less than anyone else.

I can put anything on paper, but the certainty of closure is worth far more than 1/8th on the rate IMO.  

OPTION 1: OPTION 2: When Seller Uses RE Agent & You're Using Property For a Rental When Buying Subject To & Selling to Tenant Buyer Pro: Doesn't require specialized knowledge Pro: Little competition "Adequate" cash flow - Nothing Exciting Can be little $ down You get appreciation if property goes up Can do Unlimited number Can Get Started Much Sooner Get down payment (Cash $$) back immediately Great Cash Flow No Bank Approval Needed No Maintenance or Repairs Con: Have To Have $45,000 Cash for Down Payment Con: Have To Have $15,000 Cash For Reserves (just in Case) Have To Have $15,000 Cash for Closing & Carrying Costs Due on Sale Clause Have to Get Bank Approval Must learn the technique Can only do 4 -10 properties depending on bank Competing with everyone else Requires 20% Down & other requirements If AC breaks - you fix it If roof needs replacing - you pay for it If toilet clogs - it's on you If house gets trashed - you un-trash it You take loss if property goes down in Value Tenant Can Trash The House When Seller Uses RE Agent & Using Property For a Rental When Buying Subject To & Selling to Tenant Buyer Asking Price MLS $225,000 $225,000 Balanced Owed $223,969 $223,969 RE Agent 6% $13,500 $0 No Agent Involved Seller Brings to Closing ($12,469) $0 So No fees Asking Above ARV $0 $0 Seller Walking Money $0 $0 Sometimes Walking Money If I Use ConventionalFinancing If I UseSubject To Asking Price MLS $225,000 $225,000 Amount Down - 20% $45,000 $100 (I Give $100 Down) New Loan Amount $180,000 $223,969 I Take Over Loan Title Report $600 $600 Closing Costs $1,250 $1,250 Monthly Payment $1,151 $1,225 I Take Over Existing Payment When you are new, looking for lenders & considering Fix & Flip, BRRRR, or rental, as a buyer, I’d ask the owner/seller to be one of my private lenders with creative financing.

But for Chicago’s tenant-friendly setup, the paper trail really is your best friend.

That creates a paper trail showing you tried to resolve this in a reasonable way.4.

Margins are thinner than people expect.Nashville ARVs look attractive on paper, but rehab and holding costs climb fast.