It is a 4 month program for $8000. 

Your payments are known. 

Also you have to understand what kind of investor you want to be. 

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

Pretty much all lenders in business to lend money will charge a service fee to the investors.. and take it out of the gross monthly payments..

@Jonathan SniderFannie and Freddie do have LLPA's and the lower the down payment, the higher the cost.

We negotiated it down from their original asking price of $1.8M but it needed to be a cash deal because the building was 50% occupied and of what WAS occupied was month to month office tenants.

A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

All things being equal, a simpler option would be to terminate the lease with a penalty of one month's rent, agreed to in writing.

Every month I took my $1500 plus what I was receiving in principal and interest from Prosper (which averaged out to $260/month) to pay back the PLOC.