Incidentally he has an 804 FICO so it's also nice to illustrate why "zomg pulling credit is bad!"

Consider the two illustrative notes below.

Hi @Karen CookCould you upload a picture to be more illustrative?

I have this math in an excel spreadsheet and I verify and plug the info in, this graphic is simply to illustrate to tenants how the choice was made.

Can you or can you not partner your own cash with your SD401k to purchase a rental property "all cash" following the rules as Mark has illustrated in the example above?

My net worth is pretty close to even, probably a little positive.What the last 3 years has illustrated to me is that timing can mean everything.

I'll attach a rate sheet to illustrate what this means, but essentially you will get a credit that you can use for closing costs.

Hi John,There are two schools of thought; OM shows the potential if everything runs perfectly and the T12 (Trailing 12, aka Actual Financials) illustrates how the property has run when the current owner operates the deal.Offering Memorandums often assume instant rent increases and below-actual expenses.

Thank you @Michael Hassell for the illustration.

The micro trends like Detroits growing suburbs are not illustrated.