I generally don't think it's a good idea to buy a building using 100% debt unless you are getting it for a song.

Not counting on rent being there to make payments - of course it has to be there sooner rather than later :) ...Btw, "midnight moveout" could be the name of a popular landlord song

QUESTION: the C buyer went under contract with me (B) seller just in time to qualify for going under contract for the homebuyer credit.

That's my personal goal, and why I'm willing to forgo any immediate cash flow and do the management and maintenance myself.

It's in the song :mrgreen:

I feel like that Katie Perry who sings that song about Las Vegas ???

:DI would add specific times for going to the court house and looking up foreclosures, probates, divorce, bankruptcies, forcible detainers, and housing code violations.

For the record, I worked for an insurance company (one of the top 3 or 5 depending how you rank) for going on 20 yrs now, but not for a moment has crossed my mind that would make me some sort of an "expert" in that area.P.S.

yup all i see is your post Rich and thanks again for going over the numbers on those apartments because before you talked to me all it would have took was someone to offer the money or accept my app on line and i would have bit the hook and been pulled in and probably went under with them thanks Rich for not being the type to let someone drown

Well I still work in the defense industry and have for going on a decade now.