A laundromat with 3 or more machines down is a bad reputation to have. 

so I am going to have to speak to the realtor and the tenant to see what we can do. hopefully she doesn't fight and it goes well otherwise i may have to adjust the rent.  

And last but not least, the banks will fight tooth and nail when a borrower is seeking a full accounting.

Too bad I was 12 years old and couldnt take out a loan lol not sure how to take this

If they send you something for 500K and say it can be sold for 700K and you pull comps which show $550K then that is a bad wholesaler.

. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

I wouldn’t want to buy a bad deal, regardless of the tax consequences.

Once someone has paid, what to them is a good deal of money, and invested a good deal of time, and become emotionally involved with a particular mentor and his program, they’ll fight like hell to defend it.  

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Maybe not as bad if not in a beach town?