If I stick with my numbers and I'm trying to buy a duplex that rents for $3000 in today's 7.25% interest scenario, I'd have to not exceed $154,000 of debt at that interest rate in order to hit my numbers.

If one of you does not have an FHA loan, what is it you are trying to accomplish?

However, Amendment 1 introduces a new layer of complexity by trying property tax increases to the inflation rate.

A lot of real estate contracts include due diligence periods for exactly this reason.If there are no contingencies, you could still try negotiating with the seller.

I don’t know what’s going on of course, but I can offer the possibility that the seller tried to negotiate the bill down and the contractor realized he was being squeezed so he took action.  

This last year I've been trying to really learn the business and begin to market for properties.

I am trying to build a database of local rehab costs.

Looks like the founders are trying to raise funds for their legal fees. http://www.gofundme.com/nwaclubLegit or not, I've deciding to pass on it. 

DM me with some details about what you are trying to do and we can talk.

I have been trying toe get a list of the IRS discriminate function indicators to no avail so I'd like to know how you can say that home office no longer concerns IRS.I was just making the note that broad stroke for everyone to add spouse, kid etc to create a partnership has other considerations people need to be mindful of as well.