You may be able to count on fairly consistent numbers similar to what was given, but you have to be prepared to have 0 or negative cash flow every now and again when a big ticket item happens like the tenant who not only needs to be evicted but destroys the apartment before he goes.

Even if the offer does get past the agent, playing a game of telephone on a creative deal usually means failure.

You essentially have an officer guidance line of credit and depending on the bank, they have the flexibility to do a lot of things and get very creative.

Not that the investor is concealing the truth but rather what generally happens is what the investor is actually making from a month to month perspective is not reflective of what the tax preparer has displayed.

I spoke with Sean O'Toole of ForeclosureRadar about this issue and he warned me if we started developing apps to be prepared to have someone full time on staff.

Because it allows me and others a wider expanse.It is not how many times you prepare or respond to a post, it is what you say that matters and to make requirements like you suggested would cut the number of posts on the site.

I was prepared for the worst, but the two remaining tenants were able to come up with November's rent on time on their own.

Sarah,I have purchased most of my investment properties with zero down and it can still be done but you need to know how to creatively structure the deal to make it work for you.

I identifying that niche may help others on this forum help you in creative ways to reach that niche.

I have the seller sign a Letter of intent to Lease and To OptionThe letter of Intent covers...Address, Rental Term, Renal Payment per month, Security Deposit, Possession Date, Option Sales Price (could new appraisal), Option Money (usually 3% or $5K min), Representations, Warranties, Covenants, and Indemnification, Legal Effect, Notice of Intent to Assign, Option Period (45 - 60 days)I have them sign the letter of intent (LOI), it goes to my attorney, and the attorney prepares the paperwork.There is an option release disclosure document that discusses that the buyer will be responsible for the following fee’s to be paid out of escrow at closing, which are for the release of the recorded notice of option, the assignment of negotiated purchase price, and the negotiated rent.2.