1 two year old + 1 two year = a lot more effort than 2 times 1 two year oldi'm an accountant and no one taught me that math in school

But I love math and numbers, I did the math before my risky leverage.

If you do your math the price will be determined by that and that only not emotion.

Bundling them into 1 deal, this is my math. $193k in yearly income. $54k for taxes, insurance, utilities. $15k for maintenance, (8%) of total income. $10k for 5% vacancy. $114k NOI. 

Good properties ARE cashflow positive, which IMPROVES debt to income, IF the mortgage math is being done correctly.We've done fannie/freddie conforming compliant loans on investment properties for unemployed stay at home spouses, only using rental income to qualify them.

@Frank Chin That would only happen if the bank does the math, and the cost of traveling from the bank to the courthouse exceed the value of the property, then they obviously wouldn't give a hoot about it then.

There is a local community college for potential student tenants but I am not sure how hot the market is for rentals, i will still follow up on this as homework.

;)I was just wondering this myself actually, thus finding this post, and I did a little math.

IMHO opinion, I have done 3 transactions with her in 8 months... 575k, 820k, 630k, and also fed her a referral where she sold their house, and repped them on their buy, both in the 800k range... so do the math at 2.5% that's a lot of $... 

If there is an attractive property and people have done their homework to believe the lien will not be paid (e.g. deceased person with no relatives) then everyone instantly bids 0% hoping to effectively buy a property for nothing but the back taxes.