.$800 = Gross Income- $40 - vacancy reserve $760 = Gross effective income- $76 - 10% management fee- 75  - maintenance and turnover costs- 50 - cap ex reserves (this number could vary wildly, so this may be low)$560 = Net Rent before PITI payment- $494 = PITI payment$64/month positive cash flow x 12 = $768/yearSo you're buying a deal with:ZERO equitypotential subject to issues$5-10,000 cash required up frontonly earning $768/year. 

it is wild you can be given something without knowledge and might attach a liability 

It is held at the Buffalo Wild Wings on 44th in Grandville/Wyoming.  

You can contact a lady named; Thea Justice.  

Say you took advantage of a little old lady and gave her a negatively amortizing rate mortgage and she paid you 30 years and ended up owing you 3 times more than when she started and her payments quadrupled, and of course she didn't understand all the language in the docs.  

The only hard part will be convincing my lady to sell quickly since she wants to stay there long term.

I got a call from a lady who owes back taxes on her property, the tax deed sale is set for 2/2/16.

It's the same scenario if you rent a car crash it and your credit card is maxed out....or rent a Airbnb trash it...I have been using Rently in LA for a while now and the biggest thing that has happened is one lady spilled her starbucks on the carpet and Rently charged her for a carpet cleaning.

The next Tulsa meetup is Tuesday at 7 pm at Buffalo Wild Wings in Broken Arrow.

Houses that were owned by little old ladies are great finds.