And what they do is put them into their own "Credit Repair" program (which from what I can tell is just producing a series of letters to Credit Agencies as well as probably other tactics involving "positive credit" which is a conversation for another day)...but is my assessment on Rent-To-Own Correct?

Would most banks ignore my duplex income, because it's only been owned and producing for 3 months?

There is hardly in loyalty among thieves or in real estate, LOL, saying, don't give a deal away expecting future business, future business depends on what you can produce and the deal.I'd first get with the seller as to financing it, he'll likely understand the matter being in RE, it's not like approaching grandma.

I don't think the poster was asking how much of a loan he could get, I think he was considering buying and if the property would be worth more to him as a commercial deal.I therefore was referring to the value to buy or sell, or produce cash flow, not discussing the finance piece at all.Lending is only part of what I do.

I know that the value is basically determined by the income the property produces over expenses & debt but does actual area sales ever factor into determining the Max Allowable Offer?

I am primarily interested in buy and hold investing and I am looking to build up a portfolio of income producing properties and getting out of the rat race.

@Forest Ritchie my parents started that way - my dad "flipped" cars (he was a mechanic and knew how to do some body work) in order to get enough cash to start buying rentals.

I can't help with trust deeds but as far as the live in the condo to rent it out later....just be sure to go ahead and calculate all the numbers out now as if it were a rental property and make sure it is in line with producing positive cash flow and not negative.

You have an income producing asset.

I believe in thanking the good Lord for help, but I also believe he gave us our minds and bodies to help ourselves.