I'm pretty sure it is attached because they have tried to sell before, but this lien prevented that.

So if one were to use the 40% rule (minus 10% mgmt fee), we arrive at the following:3665 in rents * 12 months = 43980 (Gross Profit)43980 * .40 (40% rule = 17592 (Expenses)1090 * 12 = 13080 (Debt Service)(Debt Service) + (Expenses): 13080 + 17592 = 30672 (Operating Costs)$43,980 - $30,672 = $13,308 or $1109 per month (Net Profit) 13308 (Net Profit) / 51700 (Actual cash due at closing) = ~ 24% Cash on Cash ReturnNow, lets say I spend an additional $15,000 in preventative maintenance and improvements over the first year.

As a borrower, it's important to know this so ask as this information can go a longs ways in preventing headaches down the road.For instance, just because a bank my close SBA loans doesn't mean they'll fund every single deal that is an SBA candidate, has PLP status with the SBA, or doesn't impose their own overlays that superscede what what the SBA will allow.

The deaths of those four brave Americans was preventable - they were serving our country, and we should ALL demand accountability to honor them.These are not my "opinions" Bill, they are the facts.

Will these increasing foreclosure starts in some States such as New Jersey and New York, prevent a true real estate recovery in the U.S. as a whole?

For some of the worst tenants, you sometimes find yourself considering steel plate & cement construction to prevent them from tearing up the place.

The only concern I would have would be if you were planning to hold properties in the LLC to make sure it was set up correctly to prevent corporate veil piercing by tennants

The FTC mandated this from the credit bureaus in order to help prevent/curtail identity theft.

They are in a high liability industry so many office or business practices prevent what is called creative techniques.

The formula is just a starting point and prevents you from making a major mistake by paying too much for a property. 8)