Just remember: most negative reviews are written by problematic tenants.

I will concur with negative comments above.

Or maybe you're great at talking to people and could make cold calls for someone working off a leads list. 

Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down.

For me I would not buy a property with zero or negative numbers. 

has anyone had positive/negative results in dealing with a company called 212 Loans?

We are ok with no or even slight negative cashflow since it would be a strong equity position for us if we hold it. 

A lot of times the different viewpoints lead to different questions to ask.In regards to your replies:1) I'm no legal expert, but it seems the sections of tax code you mentioned don't consider in-laws to be a personal relationship that would prohibit the transaction.

For instance, many tribal lands are exempt from state and local property taxes, which can obviously lead to significant savings.

I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.