For example, assume rents for each unit are $500/month – then:$1000 month rents x 50% rule = $500 – $500 owner occupied unit = 0The upside is on a $65K FHA financed property with the typical 3.5% down with today’s interest rates, your mortgage payment will be far less than you probably would pay to “rent” a comparable place.

Funny how the tenant that "always pays early" tells you last landlord was great because he worked with her a few days here and there.or"I didn't say anything during teh inspection but the sink squirts water when the dishwasher is running, most goes in the sink, but some under and here is the vinyl that the prior landlord put over the water damage.But all in all everything in great condition minor repairs necessary and a good group of long term tenants.Thanks for all the advice.

You can always ask a separate property manager their take on what a property would rent for and compare that to what is being charged.Then lastly, the property managers work for you, not the other way around.

You need an appraisal more than comparables - unless the comparables are in the same condition in the neighborhood.I would imagine if either party to the divorce are using an attorney, the attorney will order an appraisal.

And you can't compare the Wilshire 5000 to quality handpicked stocks either.

The terms of a lease option are negotiable to address Ben's concerns.The beauty of a lease option is being able to test drive the investment prior to a larger financial commitment.Use two separate agreements when buying, one agreement when selling.

If a land contract or contract for deed is refinanced prior to ownership seasoning of 12 months it is generally treated like a purchase money mortgage.

Brian, you'll be able to do a taxwise conversion of a prior primary residence to a rental and start depreciation.

In my opinion, you're suggesting doing way too much work prior to knowing if the current owner is interested in selling.

My current methods which consist of pre-negotiated short sales prior to hitting MLS are not able to meet the demands of my investors I'm simply not able to produce enough properties on a monthly basis.I stumbled upon these forums in my search - I learned about wholesaling (which I am totally unfamiliar with I might add) in hopes of learning another way / developing a new strategy in which to achieve this.