And, of those, only about 10% will actually give one to a new customer.

I get a lot of referrals, so I believe I'm pretty decent with customers and marketing.

You have gotten basically good advice, it seems it wasn't what you wanted to hear and seems you were called out based on your claims as being a broker, implying a licensened mortgage broker.

Here are the numbers:Asking price: 120KUnits are 2/1's, rent for $600 eachBuilt in 1959Tenant pays heat and electricIncome: $600 x 4= 2400/month and 28.8K/ yearlyI used the 50% rule to cover expenses, but some of them would presumably be:Insurance: $115Taxes: $357Vacancy: $240 (10%)The property seems to some sense using the 2% rule (2400 a month rents is 2% of 120k).Financing: I plan to live in one of the units and use FHA financing.FHA down payment of 3.5%: 4200Loan of 115,800 at 3.5% interest= $520 monthly paymentAfter 50% Rule, $1200-$520 = 680/4 = $170 profit per unit/monthlyI have just a couple questions about the property.The owner recently bought it and replaced the windows/doors and claims that the building is in good shape. 1.

Last week, I asked the head of the branch if they had other customers doing what I am doin and he said I was the only one.

Also consider the value of your customer service that could be a factor in increasing monthly casflow.

But in this case, I feel obliged to do so in order to warn others before they put down $10,000 of their hard-earned money.I have been a "Preferred Investor Group"(PIG) member in San Antonio for a little bit over a year or so and have purchased 2 houses thru Lifestyles.I choose to post with a psedo identity as it is not pragmatic to criticize a organization after paying a hefty sum in advance (which effectively precludes you from using services from other organizations).I disagree with some of you who may claim that some of the below points are trivial.

The lender already stated that transferring to the LLC with a quit-claim deed is not an issue for them.

(They claim this is statute, to which I cannot find.)

However there was a recent notice of default that claimed her as the owner of the property with a foreclosure date coming in march 2013.