If you see a $220k listing for a duplex where each rent is $1000/month you see immediately that this deal is CLOSE TO 1% and that with negotiation or other improvements in rent or savings in expenses could meet or exceed that.

With the current rates, 1% ratio is negative cash flow when using realistic expenses on a high LTV purchase.  

Success requires thorough screening, clear boundaries, budgeting, networking, and staying informed about local rental laws, and market trends.Good luck!

I've done it before where I cover the probate expenses for the seller and still make it a successful wholesale. 

We will confirm to you in writing the amount required to settle your loan in full.

This product generally requires an LLC set up and there's financing up to 90% of Purchase Price & 100% Rehab with up to 75% of ARV / after repair value. 

Typically, yes both home values and rents go up steadily with inflation so if eventually rents will outpace your expenses.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

I want to create a new checking account to keep all my house income expenses separate from personal expenses.

(it's just slowish and requires a lot of my manual work)Potential Deal to take through Owner finance:- Purchase Agreement in place until 7/31.17 doors - mixed 1 quad 1 triplex 3 quadplex 2 single family 2 1br cabin houses. - all are occupied- 90% of properties are in rentable but rough shape and need significant work in the near future.