Again, they initially took another offer.

Here's some additional information on how I did the calculations in the report, as well as some insight into my current situation.Average Rent: Did an initial search on Rentometer for average rent in this area (calculating based on $725; 3 bedrooms).Expenses: I am using the 50% rule to calculate my expenses which is why I have left the "Fixed Landlord-Paid Expenses" empty.

Here's some additional information on how I did the calculations in the report, as well as some insight into my current situation.Average Rent: Did an initial search on Rentometer for average rent in this area (calculating based on $725; 3 bedrooms).Expenses: I am using the 50% rule to calculate my expenses which is why I have left the "Fixed Landlord-Paid Expenses" empty.

Texas had 313,832 unemployment initial insurance claims the week of March 30, 2020, a 2296.94 percent increase from 13,093 the week of April 1, 2019.That is the ninth-smallest annual unemployment insurance claims increase nationally, according to a WalletHub study.The state had a 2737.66 percent increase in claims from the first week of the year, when there were 12,367 claims.

We initially financed it through our friend, but then changed to bank financing after a few years.

Initially I just did residential construction but after a few years when the market started to improve and I felt more comfortable running projects and working with architects I started getting into commercial rehabs.  

My one largest concern right now is if my initial financing strategy is sound. 

@John MorrisDepending on how your lease is worded, the Tenant is responsible for the entire amount of the lease regardless of where the money comes from.Section-8 vouchers are usually rescinded or retracted because the person no longer qualifies for the program or the information provided to the program initially was found to be incomplete or incorrect to begin with. 

And there are 4 PG&E meters - 1 for each unit plus 1 for the common areas.Alameda County assessor website lists the 'use code' for the property as 2600 which is "3 units, lesser quality than 2300 or unknown legal"I had stopped by city hall right before the shutdown and after a quick initial search, they mentioned the property is listed as a duplex in their records.

The value to the buyer can add up to a very sizeable amount of money; typically pays the up-front lender fee to lower the interest rate, which results in accumulating paid interest savings for the buyer as long as the buyer owns the property, or for the life of the loan; may add up to many tens of thousands of dollars; make sure you check the fine print of the lender's loan lock provisions; be sure your seller's money is truly paying down the loan rate as opposed to paying other lender charges to the buyer.  3.Seller-Funded Temporary BuydownsBuydowns can also be structured to adjust the buyer-paid interest rate for a limited number of years; can cover the first two, three or four years or more of the buyer's loan; allows your seller to reduce the buyer's ongoing loan cost (monthly payment) considerably.4.Owner FinancingA willing seller may be able to keep their selling price intact by offering financing to a buyer; for a seller who needs to sell as soon as possible for the best possible price; expands the potential market for buyers to those who might not qualify with a lender for any number of reasons relating to their credit, verifiable income, or other issues; seller creates an 'investment" that can produce an annuity with a very good rate of return for many years; seller needs to become very well educated on how to qualify a potential buyer (how to get credit, income, debt ratio, and other accurate personal historical data on the buyer-and how to verify that data); seller needs legal advice to review contract documents, as well as title and escrow services to conduct a title search and closing; buyers attracted to seller financing may have income sources including part- time work, bonus income, royalty income, dividend and interest income from investments, or they may be newly self employed; seller who finances needs to get a substantial down payment and ensure that the property is adequately insured by the buyer and that initial property taxes are pre-paid and a tax payment plan is established; if the buyer stops paying, the seller will have to proceed like a bank or other lender and foreclose on the buyer. 5.Contract for DeedA contract for deed agreement to purchase is similar to a seller-financed purchase.