I have sent them an email with my concerns and I'm going to start making monthly visits to the unit for inspection to attempt to mitigate further excess wear if possible.Have you ever had situations where you had good paying tenants, but they were not the cleanest people?

These stated income loans have gone the way of the dodo, thanks to the excesses of the bubble.

Most investors look for cap rates in excess of 10% at a minimum if your goal is cash flow.

This is after maxing out sec. 179 and bonus depreciation.New equipment 8.25% sales tax, 1% heavy use tax. 2% excessive diesel use tax.My equipment fleet worth 2.5mm taxed at 3% year.Heavy use tax on each truck $4,000.00Property taxes 3% and on and onI constantly read this forum and many others to learn as I only have a 10th grade education.

Attempting to take all you can is not underwriting.HMLs aren't banks, they can't borrow through the federal reserve, they have a limited amount of money to work with and while it does make perfectly good sence to maximize profits at the highest utilization of assets, being excessive is not in the public good, nor is it for the industry or themselves in the long run.

I owned a couple rentals back in the 80's but sold when I moved for my job.I have considerable assets, just built a ranch and house with cash, will appraise for about 500.My income is in excess of 300 and I have plenty in the stock market.My job is temporary and will last about 18 more months.I would like to purchase some SFH to cash flow.

In reality, I would prefer to pay private money rates on their investment so any of the excess profits after paying out their interest earned are held by the company. how attractive that is for an investor...I don't know.

So unless you have a washer in each apartment plus over 4.7 people living in each unit, you have excessive usage.If you take the 31,600 and divide by the # of people in the building, you'll get your usage per person per quarter.

The others mentor deals have similarly interesting stories, each very different.I sense people on here think what I charged is excessive, I think its peanuts for the value recieved, and is not remotely as profitable as rehabbing if you figure out how to do it well.

What is your stepfather's and mom's appetite for risk?