Federal Trade Commission 'Operation Clean Sweep' crackdown on credit repair companies.Item 3.

If the executor of the estate finds out s/he will justifiably demand a refund.If you cannot comply you may experience some unpleasant litigation, as well as potential criminal charges.Are you really willing to gamble a judgement and lien against your 30-unit apartment building?

If income is generated primarily through your efforts, such as rehabbing, flipping, wholesaling, etc, then to my mind, you're operating a property-based business rather than investing.

Multi-unit Property AvailableNorth Cental Texas, near major universityFinancial Summary Proforma Year: 2009 Scheduled Gross Income: $185,760 Effective Gross Income: $185,760 Operating Expenses: $108,659.84Net Operating Income: $77100.18Tax Rate: 2.39%Unit Mix Information 1 Bedroom/1 Bath No.

What types of units do you operate?

Good Point, I am looking into the operating expenses now to see what the numbers are.

Unfortunately, the deals are even worse than that, because there is a cost associated with the downpayment.Here's how I would evaluate these deals:Deal #1:Gross rents: $2,400Operating Expenses: $1,200 (half of gross rents:NOI: $1,200 (subtract operating expenses from gross rents)Mortgage ($249K, 30 yr, 6.75% NOO): $1,615Cash flow: $415 LOSS per month (OUCH!)

That rule says that operating expenses for rentals run 45% to 50% of the gross rents.

Hey Hal,I know this is an old post but I'm in MN and after buying and selling 1 MH, I figured I better comply with everything if I'm going to make this into a business.

What kind of house has a 50% operating expense expectancy?