Don't submit the bank statements to underwriting unless you actually need them to close the deal however, as it can cause additional steps in the process for you and your client (if an underwriter sees money moving around, it can cause you to have to paper-trail the funds back to their source, which often isn't a lot of fun).If you haven't completed a loan application, start there.   

Someone will present you a deal that looks great on paper but will fail miserably.  

example: i was looking at a multifamily portfolio that was master-leased by a college. that master lease made the portfolio worth, on paper, 10x what each property would've been worth otherwise. it would've been crazy to pay the higher price, because if that master lease ends, i'd be totally screwed. 

Example, while an area may have AMAZING cash flow on paper, what will your vacancy be like because the area is so run down and no one wants to live there?

Then factor in your letter, paper, ink, printer cost, they add up quickly for the scale you want to do.

I don't discount the possibility that the lender gets to finance 2 properties instead of just one but the proposition does make sense on paper and in theory. 

The papers were filed.

If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain?

In the basement I hung streams of toilet paper....and when the room is still, no heat flowing - I notice the toilet paper swaying a little bit.

I know I am a Millionaire on paper but it certainly does not feel like it lol.