Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

This transactional lender puts $40k in the pot (for some return which I am curious what they were promised) to get it back at closing as part of seller/lender#2 financing.At closing the first lets say is owed $50,000 so the $70k covers the first balance and closing costs.

We put 5% down using an FHA loan and currently have an outstanding balance of 450,063.We have a PMI payment of about 300.00 per month. 

Instead of going the attorney route, I ended up working with National Debt Relief, and it was actually a game-changer for me.They handled all the negotiations with my creditors and were able to reduce my total balance significantly.

That's the tough part...we really like them and want them to stay, but we got creamed on taxes this year, so we do need to charge more to make it balance.

You still want to know the balance sheet, rent roll, and expenses, but most people who talk about CAP a lot are over-using the metric and not seeing enough properties in real life.

I personally never would, but I would talk to people that have that can give you an idea of what it's actually like instead of getting opinions from everyone who never have and say it's the worst.Jacksonville, FL has been great from 2010-2022, but there has been a huge surge in building residential from 2020-2023, which severely impacted the supply and demand balance and rents have flattened or dropped from 2022-today.

In these states I assume that just like a standard foreclosure, all funds acquired during the sale that exceed the outstanding contract balance and any liens on the house go to the contract buyer (vendee?)

Purchased a note with a $3.2 million balance for $1.775 million.  

My tenant friendly market (San Diego) has long term housing shortage that the tenant friendly laws mostly act as a balance of power.