We are in the DC area and I have never heard negative comments about them. 

But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.  

.$10k STR rent on $1.3m property at 80% LTV  will be negative cash flow when properly allocating for all the expenses.  

He already has his mortgage - so, a blemish on his credit really won't negatively impact him.All you could go after is his bank account and state tax refund:(

I got a 2013 Toyota Corolla for $17k, so unfortunately, even if I trade it in I still have about $6-9k in negative equity on the car that I’ll still owe.

The bottom line assumes that your overall cash flow will go up from acquiring this new asset, which existing property, when you leverage will have the smallest negative impact on your overall cash flow. 

If you want to discuss more you can always send me a private message but so far I don't see any negatives with purchasing the multi-family.

Your estimated first-year NOI is $29,040, but after loan payments, you're left with a negative cash flow of -$9,126 and a DSCR of 0.761, indicating the income doesn’t cover debt service.

Thats with my cheap subs and me paying them cash using a GC this would be a $70k rehab and negative equity. 

Quote from @Nathan Gesner:Even on a property with negative income for a year and has been on the market for more than 90days?