I jumped in and help them through this crisis had i not though I have no doubt Oregon would have filed a criminal proceeding..

Also, does the required property insurance take account of your credit?

In A and B neighborhoods, it's hard to get rents to meet the mortgage, taxes, and home insurance and still make reserves for maintenance and capex and prop mgmt., which is why it's hard to invest in rental SFR in those areas.

I usually tell buyers that every $10,000 borrowed results in monthly PITI (principal, interest, taxes, & insurance) of approximately $70-$80/month.

If it is FHA mortgage the down payment and insurance is not what you put in.

Jay, can you send me a link to their profiles.you will have to ask Mindy.. but I just got another PM from him  and it was from account closed.. so not sure how he / she managed that. still trying for that 800.00  which first was for PPI   private payment insurance then turned into application fee  

I know most banks are FDIC insured, but who knows how that whole process would go if it becomes necessary.Therefore, when these guys are saying they have cash ready, do they mean actual physical US dollars, cash in banks (like most Americans), or some other form of asset?

open admission -CPA here-lots of excitement about OZ but a few points here1-Economics rule so make sure your deal makes sense first and foremost2-For a 1031 The entire proceeds has to be reinvested in order to gain a tax deferral while for OZ only the gain needs to be reinvested3-For a 1031-you can defer for many years and get a step up in basis if the property is passed on as an inheritance while for the OZ the way its written now in 5-7 years you will have to pay some tax (either 90% or 85% of original gain)4-on the other hand for OZ where else can you buy and hold for 10 years and get to FMV it and not pay tax?

Hey William,   after checking out your report,  if the property is in our area,  the monthly taxes is low or the assessment maybe low and will go up after you purchase,   and I didn't see a line item for insurance either,   you may have trouble getting a 30 year loan on a multifamily,  I'm sure its possible, we are closing on one this week,  20 year @ 5.25%.   

Then the title company discovered there's a judgement on this person and proceed with paying back the judgement, the principal with interest was about $56k.