Pencil in some guesstimates if it makes you feel better, but it should be a nice fat margin where you can afford to spend a couple hundred more in one month or another without feeling a pinch.

In the old days we would call long-term employment or a fat savings account a “compensating factor“.

Although there is still some significant fat left in the deal, and we underwrote for a 1 year timeline, there have been many hiccups along the way.

I offered to run the whole job from beginning to end and they just had to sit back and collect a fat check for 50% of the profit. 

With rent growth that comes in part of appreciating markets comes fat more cash flow (with patience) than you will get in an actual cash flow market.

It is in very rough shape, debt is very comparable to value which is why realtor isn’t wasting her time (no fat left to pay her commission)..

So I am still at the save and learn stage...books, podcasts, even occasionally do some side work with a local investor to get some hands on experience, while trying to trim fat and stash money.

@Armin Nazarinia - that was a fat finger - I bought it for 227k, and I didn't realize this was going as a post - I thought it would just be on my profile.

Maybe they're not including the gardener coz they expect you'll mow the lawn yourself (fat chance!)

I also want to eat a lot but not get fat. :)If you have a single-member LLC and deposit your income in it - there's no trick to pulling money out.