• 6 month term [/b]Apparently you are operating from the old rules (550 FICO with exceptions made on a case-by-case basis), but the investor changed their guidelines several months ago.

1,000,000 Asking Price22 Units - Each Unit @ $789 Monthly Rent$17,358 Gross Monthly Rent($8,679) Less 50% Expenses$8,679 Operating income$1,000,000 - 30 Year Note @ 8% = $7,337 Monthly Mortgage$8,679($7,337)=$1,342 Monthly Cash Flow ($61 a unit)So I did these numbers assuming no down payment, paying asking price, and on an 8% loan.

These should be in separate file so they can load more quickly and be cached.

He has a course that is a winner but I am not sure if his estate is still operating his old company.

Lenders have found themselves carrying a bucket load of mortgage Notes that they couldn't find secondary market buyers for and/or were faced with "buy-backs" on Notes previously sold that went into default within their first 12 months.

As this is causing some damage to investors I know there is incentive to get the person sorted.Rogue operators are a problem.John Corey

Even Trump has a few properties currently operating or under development.Despite the fact that the property is in a hotel setting, a condo hotel is considered a private residence, and owners are eligible for mortgage interest deductions and other tax advantages that come from owning a second home.

...part of the header loads and that's all folks!

With gross rents of $650 per month, the operating expenses will be about $325, leaving the NOI at $325.

here is the picture (if I can get it loaded right)