There are turn key companies that fund with some down but you need to make sure you are not over paying for a money pit that has been skimmed over with carpet and paint but all the expensive stuff is in bad shape.

I think the concern is equity skimming/equity strippinghttp://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/85-21ml.txthttp://en.wikipedia.org/wiki/Equity_skimming

So, I didn't fall in love with too many properties, they all moved through a holding period to a sale.This is just skimming over my considerations.

Is there a particular Form Title (like the living testament) I should skim through to discover if there is property listed?

By contrast I can get in touch with a Realtor in my farm area in Pennsylvania and ask for a list of MLS properties $25k or less that rent for at least $500 and she'd ask me to be more specific.There it isn't that hard to find listed properties that still can hit 3%.Fyi these are mostly B/C level areas and there really aren't any war zones even if you wanted to go to the worst part of town to milk a tiny bit more cashflow out of a place.

The bank is taking a bigger hit so that an investor can skim some money off of the deal.

In the few days that ive skimmed through the forums of this site ive found alot of information and im glad to be a part of the community.

By lumping it all into one big number - 50% - you avoid the temptation to skim a little off here, a little off there and make a bad deal look OK.

In the infamous words of Hyman Roth "This is the business we have chosen".Yes, they can milk the system and cost you lost rent.

Your $290 profit is a perfect 10%I was thinking $1450 + $1191.55 (PI) + $155 (back taxes)=$2796.55Or $103.45 cash flow per monthI did end up skimming your post due to your lack of paragraphing, so if I missed something and am way off, sorry.Edit: as the poster above me stated, that PI is based upon a mortgage with very specific qualifications, which you very well may not meet.