David Beard, IRS is one hurdle.

All that might be true but here is what I have learned after years of managing residential properties: #1 There are just as many difficult, unreasonable and problematic landlords as there are tenants. #2 Everybody is different and there are many different personalities and characters in the rental game.

Is there a certain quantity of notes to buy to be able to offer this figure or is that an unreasonable percentage to even go for?

It sounds like you are dealing with unreasonable sellers.

Rental Cash Flow Splits: the net cash flow after all expenses I typically give capital partners 90-95% of cash flow and 5% to Managing Member after hitting a certain hurdle rate of return.

I feel there are several years left before I need to replace the shingles, and that it is unreasonable to expect a homeowner to replace something as expensive as a roof based purely on sun darkening of the shingles.

If such savings is there, your only hurdle is the potential of rates going up on the HELOC.

K.marie@ No, I do not have enough funds to buy the house, I had almost 40% of the purchase price, I asked the hud employee if this was a common issue, she told me that some hard money lenders did not have a problem getting hud the information, actually what they were asking for was not unreasonable they will take a letter on a bank letter head stating that there was enough funds to close the deal, it does not have to be a bank statement.

The question is, if you pass the fee along to tenants (which doesn't sound unreasonable if they want additional parking) will the rents still be competitive?

Last comment I wanted to include was: When submitting my offer, is it unreasonable to include pictures of the major issues in efforts to justify my "low ball" offer?