lets say the ARV of a property is $320,000 when I apply the %70 rule I get $320,000 x %70 = $224,000 - profit of $50,000= $174,000 - repair $63, 860 = $110,000 purchase. 

We are presently in pursuit of a good financing solution for this project, this seems like a great opportunity to apply commercial financing as we have six units on our hands (3 separate properties).

@Nate Bibbo once you get your purchase contract created you'll need to apply with that lender to assume the mortgage....I guess in theory, maybe you could do this? 

But the tenant fixed it by applying some white cement or something and fixed the paint and other wall damages...

You'd need all the immigration papers ready before applying for SSN.

I have several people that have applied and when running their credit reports sometimes say a married couple ( the husband has decent credit of 620 but the wife only has a 504.

I have several people that have applied and when running their credit reports sometimes say a married couple ( the husband has decent credit of 620 but the wife only has a 504.

In my opinion--I don't think they have a leg to stand on because the second dog was not legally an ESA (and probably still is not) when they applied for the unit given that the letter was expired.

The same rules apply when you list a property for sale or whether it’s for rent.  

I think cash flow will be sparse; if not, I'd be interested as well in seeing what Jonathan Boyle has to say.Low absorption rates, lots of new construction projects, and an influx of young professionals moving up from Hoboken and NYC Thanks for the info Robert, but if you want to 'make money when you buy, not when you sell', and place an emphasis on cash flow, then three reasons you mentioned don't appear to apply.