I would like to sketch the broad outlines of the deal, the property's value, etc. and entertain offers from one place, eliminating the need to post the same inquiry to scores of different lenders/investors.

I'm trying to understand 1) how is a cash flowing property defined?

I'm trying to understand 1) how is a cash flowing property defined?

Thats a bit of a broad question because there are a few diff calculations involved but...Spread sheetstake the purchase price write it downtake the repair costs...write it downgross rental income after its repaired...write it downholding costs...write em down ARV write it downConsider how much its going to cost you to buy, fix, and hold...cross reference that to how much you want to pull out in a mortgage afterwards. consider what interest rate you're going to pay.example purchase price - 100krepairs - 50k holding costs (3 mo) - 2k gross rents after repair -1800ARV - 225k say you pull out 70% of the Arv your getting $157.5k so basically cost you next to nothing to docalculate your monthly mortgage payment, all expenses and operating cost say that comes to 1400. try to reverse engineer it, practice on properties you find on the market that need work. get familiar with these types of calculations 

Being a landlord in general is a very broad topic that includes tons of subtopics and related questions, so if you have specific questions, please reach out and I would be more than happy to help you.Laticia

I don't know if this feasible because I don't know your situation but this is definately a good way to atleast get into the North Jersey market.

The changes protect the consumer by making certain that wholesaling is a regulated practice in Illinois.The Act now provides that a person must be licensed as a broker in Illinois if they have engaged in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging, or otherwise dealing in contracts, including assignable contracts.A pattern of business is defined as engaging in any one of those practices on two or more occasions in any 12-month period.

Just trying to define how we want to move forward.

All these problem have been solved due to the passage of legislation which modifies Florida Statutes 83.59 and 83.67, the sections that define when a manager may take possession of the property and how to deal with abandoned property.

Another section the financial covenants, has a debt service coverage ratio defined.