Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Also, if you had charged for unpaid rent that goes along with not giving proper notice, that would have been easy to do and appropriate.Has the tenant already filed in small claims court, or just threatening at this point?

So if they stop the sale it is relatively cheap and quick to re-file and foreclose again.

I Walk a property with a digital voice recorder and note, in five recorded minutes (by using the pause button while recording) what a building needs done to it.

I've looked into what would be required and come up short.Since I don't know all the individuals involved, and they're not accredited investors, I've read I would have to file with the SEC if I wanted to lead this LP.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

If you can get it for 390k, you'll have a 4k/month job lined up :)I think I used all your numbers and came up with these:Down Payment $157,500 Remainder of closing costs $7,500.00 Total Due at Signing $165,000 Mortgage Rate 5.00%Length of Mortgage in years 20 (commercial)Monthly Mortgage payment $3,118.29 Taxes $516.00 Sewer and Water $152.00 Trash $76.00 Heat/Utilities $125.00 (This is my big question mark)Legal $41.67 ($500/year for LLC filing fees)Cap Ex and Ops $450.00 (this is $400 + $50 for gardening)Insurance $333.33 Mgmt Fee $950.00 Vacancy $950.00 Total Expenses $6,712.29Total Revenue $9,500.00 Cashflow/month $2,787.71 Cashflow/year $33,452.51 Cash on Cash Return 20.27%

The schedule E is for expenses related to the annual operation of the specific property such as repairs/maintenance, etc...I am a licensed real estate agent and I file a Schedule C for that "business" with my associated 1099 from my broker.

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

I placed them on notice that I intend to file a complaint with the Real estate commision for this whole deal.