So often these for sale flyers have critical errors or omissions in them that affect the cash flow or lendability of the property.With my clients we have a confidentiality component in the LOI so we can get a look at the lease early before the purchase and sale stage.

That is where we may see coverage found or settlements (confidential) made.

Still not enough to feel confident. I

Either tell the former tenant that what you said was confidential and you won't confirm any information or lie and say you didn't give them a reference.

I'm confident I can make house hacking work while I'm there and renting by the room, however when I start to look at renting as one unit I'm hard pressed to find anything with positive cash flow. 

And since you can’t represent confidentiality to both a seller and a buyer at the same time, I don’t see how wholesale deals can ethically be transacted by a licensed agent. 

My initial price range for this purchase is between $120k to $150k, the market is very competitive in Omaha for this price range but I am confident I will find a deal with persistence. 

My second mortgage would be $183,000 (did not factor in downpayment)So, the numbers look like this:“Subject To” mortgage (PITI): $2,750.00/month Second mortgage: $1,017.00/monthGrand total: $3,767.00/monthRents in the area: $1,300 for the 3 bedrooms and $1,200 for the 2 bedrooms.These numbers are actually on the low end and I’m confident I can get $50.00 more for each unit.

These problems can be avoided by quietly talking to 1 or 2 top brokers in an area, with the understanding that the potential transaction is to be kept confidential.

My second mortgage would be $183,000 (did not factor in downpayment)So, the numbers look like this:"Subject To" mortgage (PITI): $2,750.00/monthSecond mortgage: $1,017.00/monthGrand total: $3,767.00/monthRents in the area: $1,300 for the 3 bedrooms and $1,200 for the 2 bedrooms.These numbers are actually on the low end and I’m confident I can get $50.00 more for each unit.