You can renegotiate based on your inspection/inspection contingency3.

With the current interest rates, I would be -ve cash flow 200 to 300 per month.I am currently based out of Raleigh, NC.Appreciate the help.

We are closing in on the dead line for lead based paint inspections for rental dwelling units...."

We are going to touch base in a day or two.I have run the numbers on the Brrrr calculator, but have ZERO confidence that my guesstimate about rehab costs are accurate.

In CA my understanding is I have the eradicate based on the warrant of inhabitability, but I can charge it back to the tenant if they are at fault.

I've asked this question many times to BP community members I've connected with and have yet to receive a sound response but I will ask you the same question: Why do you feel its necessary to operate with a more convoluted web of entities than a real estate company that owned and managed a portfolio that exceeded $1B?

My Padsplit rep is actually based out of Vegas as well. 

I too am based in Chicago.

It’s an alternative, and not necessarily a good one, to capital call or foreclosure.I think that as a community we need to hold all syndicators accountable to outcomes for investors, yes, but also we need to be practical about what the right thing to do is.A few syndications have handed the keys back, for nearly total wipeouts.

Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.