If I want to put 45% of gross rent aside for expenses and have $100 cashflow, I could still make a $560 principle and interest payment.I think you have a math error in here:Rent: $1150Expenses: $517.50 (45% of rent)NOI: $632.50Cash flow: $100Max paymnet: $532.50Taking the next step and assuming OO financing at 5% for 30 years:Max price: $99,195And, no, don't add the down payment back on because that would mean your down payment money is working for free.Probably been on the market for so long because the overestimated the ARV and have been unwilling to take the loss.

I tried this in the past, but typically by the time they get to the sheriff's sale the owners are either long gone, unresponsive or unwilling to do anything. the one exception i've found is when the county has an incorrect address for the current owner (usually a probate issue), so if you can track the correct address/owner down quick enough it would work.in my county (harris county), the list comes out the 15th of every month, the auction is held the first tuesday of the following month - only giving you about two week to track them down, lock it up and close. hardly enough time to also find a buyer.

Most of the private funding threads are started by brand new investors, provide far too little information, often have bogus numbers, and the posters are unwilling or unable to answer the questions potential "investors" may have.

They were unwilling to take the hard steps to fix their problems.

Chase bank is unwilling to work with me, and I am afraid I am just going to have to let it go.

I'm with Mike here . . . if the landlord is unwilling to let you see the inside, he is probably hiding something.

.- 80% were simply unable/unwilling to form the new habits and sacrifices needed to improve their credit.Things might be different in markets where housing is much more expensive, so I would like to hear the thoughts/success rates of people in those types of markets too!

They may be unwilling to do this double close.

I'm quite sure nobody who goes to the trouble of finding such deals is going to dispose of them cheaply.Although I agree that this company could be scammers, I don't entirely agree with the statement about investors being unwilling to sell off those kinds of deals relatively cheaply.

Appraisers, lenders, investors unwilling to do their job an put it on the line a little and yet still expecting big profits. 3 MIL liquidity... what a joke.We need to put together the big boys real estat group.