After I changed math to reflect 25% down, 6% interest rate and 25-year amortization, CashFlow is $2,013.47/month ($251.68 per unit) and the Cash on Cash Return is 9.93%, even better than what I had before.

Mortgage amount being foreclosed is 206k And interest accrued on file is 150k 😱😱Now, if the starting bid is 206k does that reflect interest also ( bank just decided to give up on the interest) or I have to pay the interest on top of the winning bid amount?

As most of us know, the pictures posted on line do not actually reflect the condition of the property.  

I see credits .. yet my cash ledger in the op is not reflecting the amount of the credit in the balance ..

Instead of losing the funds I think an option would be to lower the sales price to reflect the seller contributions that would be lost and lower the seller paid closing cost to the allowable 3%.

My taxable income does not exceed the limit around $200k. 1.Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise;2.250 or more hours of rental services are performed per year with respect to the rental enterprise; and3.The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: (i) hours of all services performed; (ii) description of all services performed; (iii) dates on which such services were performed; and (iv) who performed the services.

Most Realtors will want to make sure we refer our clients to the best possible vendors, because a crappy referral reflects poorly on us. 

Hi Jordan,Its a little tough, typically something in the 2% rule (that's in decent shape) the Location reflects it.

I would also have to say that you can find cash flowing rentals both places for 20-25% down, but they certainly aren't falling from the sky; an asking price is just an asking price and you need to be able to act very quickly when the right one comes available so get a pre-approval from a lender before you start looking seriously.Brick and stone are preferred facade materials for heat reflection and wind resistance.

I received pro-formas from the builder but not sure if those numbers reflect reality.