If you do buy a negative cashflow deal you'll need money in reserves and money to float the property for a few years.

Nice article and explanation of floating rate bridge debt and operations.https://preview.therealdeal.co...

A lot of medical supply and floating RN, homesupport, PT offices needed or not.

;-)I have some meme ideas:-That photo of MJ (you) doing that fist pump jump as the Cavs player (I think it was Ehlo/Morris) falls away out of bounds (I know you're from Cleveland but it'd be funny)-That scene in Titanic where Leo Morris submerges into the icy water as Kate Wise remains floating on the door (or whatever it was)-A meme of you (David) slinging a rock at Clowny Goliath-

The company can make plenty of money on the float with those funds.  

Should the worst case scenario come to fruition and you do have an increase in vacancy you'll still be able to float the property. 

See Chapter 18.85 RCW 18.85 REAL ESTATE BROKERS AND MANAGING BROKERS REAL ESTATE BROKERS AND MANAGING BROKERS; 18.85.011 Definitions.(17) "Real estate brokerage services" means any of the following services offered or rendered directly or indirectly to another, or on behalf of another for compensation or the promise or expectation of compensation, or by a licensee on the licensee's own behalf: (a) Listing, selling, purchasing, exchanging, optioning, leasing, renting of real estate, or any real property interest therein; or any interest in a cooperative; or any interest in a floating home or floating on-water residence, as defined in RCW 90.58.270;In regard to your comment,“winning adverse possession cases is one of the toughest things to do in real estate .. we know what the laws say.. but end of the day you need a judge to sign off and they are reluctant to give title to someone's property to another.

Once you are at a place where you are living for free and have access to some capital and the ability to float for 12 months without income, then you can quit.Yes it sucks to defer your plans for maybe 6 more months, but you will be learning important parts of the business the whole time and at the same time making sure that you have a better chance of success for those crucial first few deals.

Take an NOI of 4100/mo less mortgage PITI of 1500, that's still a positive cashflow of $2600/mo - - that's a lot of nice dinners, trips to Europe or whatever floats your boat. 

Open wiring hanging face level from the ceiling, dead rats floating in the tub, plywood counter tops.