Contact the broker and ask for current operational numbers.

He says that multi family investment property loans are based on the operations of the building (rent/expenses) and not your income.

LLC's have operating cost and you don't want to incur those costs then never purchase.

I have yet to see or hear a single guru talk about the difficulties of the business or discuss the truth about operating expenses, cash flow; or other serious matters.Having said all that, you will certainly read many books and articles while acquiring your education and starting with one book as opposed to another isn't terribly important.

I cannot go for this without first asking here...This looks like it will cash flow but I must keep in mind that I have to repay that HELOC or Refi in a year and cash out if possible.Price: 123,500.00Down :3% 3,705.00Closing Cost: 1490.20Repair (Heloc at 5.24)% 20,000.00Out of Pocket: 25,194.20Mortgage Rate: 6.30 Rental Income: 2,250.00 Monthly AnnualGross Potential Income: 2,250.00 27,000.00Total Expenses: 1,265.00 15,180.00Net Operating Income: 985.00 11,820.00Debt Service:Mortgage:741.50 8,898.00Cash Flow:243.50 2,922.00

There has to be a way and I thought the S corp had ability to retain earnings in certain situations since it is deemed operating capital for investing.

Also, I believe http://www.nehemiahcorp.org/ is still operating until October 1 so the seller can pay closing costs and the 3% downpayment.

Get an EIN for the LLC or operate with the member's SS#?

Typically, as you know, with apartments the seller/broker gives proforma numbers, we as investors say, okay but I need operational numbers.

Honestly, I don’t know how a charter school works or operates, but it seems to me this is the economic level you should start investing your advertising/promotion funding.