That 1% rule is a sure way to lose your shorts in the best of circumstances.

With debt service of $754, you are necessarily going to lose money on this deal long-term.Stay away.

If that isn't in the cards you should consult a CPA first, $8,000 is a lot to lose.

If you could sell this to some wide-eyed newbie that's been watching a lot of late night tv for $85K, you'd have a nice profit and they would break even on the cash flow (at least they wouldn't lose their butt).

In addition, wordpress is high maintenance although free and if you do not keep up with maintenance and updates of WP ...you will pay the price of losing rankings in search engines if not careful.Xsitepro you do not have to worry about this, since there updates to xsitepro does not have the critical seo effects it can have with wordpress if not updated...major disadvantage no one tells you about since they may not know how to evaluate the pros and cons of available web publishing tools and pros and cons of each.*** REVIEW XSITEPRO WRITEUP *****By Iszuddin Ismail | Published 06/17/2008 | Site building | printer friendly version Why a pro web designer ditches Dreamweaver and chooses XSitePro for quickly building profitable websEver since college days, I had always used Dreamweaver for all my web building needs.

I have enough skin in the game that I know I will lose my money if I don't follow through on our agreement = I am motivated.As a lendor - "CYA" would be my policy.

Why would an agent not present your offer, risking losing their license, listings, reputation?

then you lose 15k right off the bat.also some investors won't want to work with a property that needs 25k worth of repairs, but you may find one.be patient looking for deals, don't jump into one that seems good without doing your due diligence. i'd try to get a contractor or appraiser in there to look at it, or use a paid service to get some real comps and crunch the numbers

I like the first house. and I do not want to lose the opportunity to bid on second house but I am concerned about if both banks accept my offer and I only have money to purchase one.

It's not a magic formula that works in every situation...in fact, sometimes your expenses are MORE than 50%.Take a couple minutes to list out your expected expenses (and their amounts):- Vacancy (talk to other investors in the immediate area and see what kind of vacancy rates they are seeing)- Rent Loss (how much do you plan to lose due to concessions and non-paying tenants?)