Deal 1: 4/2/2 SFR Nice quiet neighborhood, easy rental or owner finance area, low DOMPurchase Price: $115kAs-is: $115kRental ARV: $150kRepairs:$12k....0$ if the current tenants stay which they plan to do and have been there 7 years (I hope to wrap and OF to them)Flip ARV: $160Repairs: $20kRent: $1200 current, $1450 marketTaxes: $4000Seller will carry 25% = down payment on conventional loan.Deal 2: 3/1.5/1 Garden Style Townhome, possible section 8 rentalPurchase Price: $95kAs-is: $95kRental ARV: $110kRepairs:$20kFlip ARV: $130kRepairs: $30kRent: $1495 top of marketTaxes: $3300Seller will carry 25% = down payment on conventional loan.

One is a 60 unit b class property in Ft Worth TX. 80's build, townhouse style property in a nice old money neighborhood of town and close to a medical school.

As a result many of us are forced to adapted a management style designed to avoid going the route of evictions aside from non payment of rent.

If you do receive a commercial/portfolio style loan the rate and term will be very different. 

However, if you are receiving a commercial/portfolio style loan (meaning the money comes from the bank) then maybe the lender just has that rule on their loans.My Current Underwriter - So who's your loan officer? 

(Based on the style of house, I think I know the neighborhood) What would you rate the chances of a successful foreclosure?

The next local meetup is scheduled for next Monday at TJ Chumps in Fairborn between 6pm-9pm.

Cash flow in the short term would be nice and allow us to live a little better life style theoretically but in all actuality I’d probably stash the cash to buy more properties.

If I was an attorney, I would get my Real Estate license (I believe in NY they just need to file for some chump change). 

Great neighborhoods would depend on your style of living, if you have kids, etc. etc.