Disregard anyone who says $100/month cash flow is all you need.  

.($389k x .7) - $50k = $222k max purchase priceYou probably know what your doing though so disregard this if it doesn't make sense.

A single member LLC could have been treated as a disregarded entity for Federal tax purposes and included with you personal return.In addition to real estate I own a tax business in Illinois.

Each new property he buys, he sets up as a disregarded entity to the main entity, and the last current entity is separate from the main entity and acts as a pass-through for the rent.

I have the income and credit to qualify, however, I am afraid that banks might disregard me due to my age.

...Thanks,Wong Hi Wong,Realize:(1) That there are a lot of different risk personalities in this business, from very conservative to throw it at the wall and see what sticks.(2) Some SFH owners don't always figure all of the needed numbers of ownership when they buy (different levels of sophistication). (3) Sometimes, a man hears what he wants to hear and disregards the rest Simon & Garfunkle The Boxer 1969. 

A complete disregard for others peoples time. 

It's a poor practice to disregard what anyone knows especially if they are ahead of you.

All you are thinking about is yourself and disregarding common logic and friendship.Just getting your license doesn't make you ready to handle a deal, much less your own deal.

It is IMO easier for them to disregard paying for something they don't see and "use" everyday.