HI Nicholas,I think that limit is pretty consistent.

They are pickier in their lending practices, so that's something you'll have to deal with.

I have been practicing analyzing deals with the calculators and this one looks too good to be true.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I practiced analyzing this home (it went into contingency a few hours after my analysis) but I wanted to make sure I am on the right track:I've created 3 spreadsheets and input these into the BP calculator to get results. 

So practically I would lose money if I were to sell the rental property under one year because I am taxed on the amount of money that I essentially put out and also have to pay closing costs...

The reasoning was that while some bad lending practices may have crept back into the system, by and large most loans are now backed by solid fundamentals and most single family home owners have significant equity.

Someone told me I should do a subject to.Now I have an idea of what a subject to consist of.

It reads smoothly but the information within it is almost consistent with what you would find in a textbook.

No offense, but this is why CPAs feed my law practice...You can file a general partnership (GP) or not.