Which in a way, is fair, but I believe this is their loop hole to only fund the low hanging fruit deals, and stick people with a bill of 4-7k and a property search app that isn’t that good in the first place. anyway, I am always looking to connect, dining the next project, and get it funded!

Quote from @Bill B.: Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.

Basically 75% of the total rents need to cover all the bills.

It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

Let's assume that rent by the room yields $1000 per room all bills paid for the tenants.  

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

Quote from @Bill B.: Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

At one point they fell behind by $2100 but has since caught up and paid me but did not pay the electric bill and it was turned off.

The meters do act up from time to time so you will have to get them swapped out but overall the best we have found.We have also done pro rata bill back but moved most of our parks to Metron.

-Bill Mcbride newsletter if you want narrow and deep insights about weekly trends in housing -JBRE is a good one for deep dive on housing stats.