Now his original property is less cash flow, and is his 2nd is likely negative $500/mo.

Originally posted by @Brian M.

They remain whatever the original borrower has.When you use typical financing from a lender, you have the lender's hoops to jump through and loan origination fees, the appraisal has to come in at a certain number, oftentimes an inspection or appraisal will kill a deal. 

That way, you can or choose not, to make a change to the original note.  

Its just hard and if there is any softening of the market.For the original investor:1.

@Treza Edwards  your original question may answer itself when you say there is not much new construction going on. 

Agree that we should not be spending a lot on renovations or repairs, but almost everything needed replacements/updates after we turned over the original tenants.

Per my original post, "The Pitch".

Originally posted by @Anton Ivanov:@Brandon SturgillSure, I'll send you a pm.

For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.