.- Yes, that number is correct, I am working with a lender that is offering 100% financing.

They can be very advantageous but they can also get you into trouble if you don't do them correctly.

Originally posted by @Steven Picker:I have bought houses where the tenants jumped the meters,but now most power companies have smart meters which prevents this type of theft,it still the electric company responsibility to supply the meters stolen or not, most areas this is not correct Steve.. in high theft areas of the mid west for sure this is not the electric companies responsibility. he will have to replace it.. his deductible is probably such that insurance is a waste of time.. so its just one of those cost of doing business and being a landlord.. and lucky they did not also strip all the copper.. 

It's one of those things that's easier to setup correctly, than to go in and change later. 

 Not to beat a dead horse but I’ve had some replies to my former discussion, which indicates to me that in my quest to find my first flip property, not counting the last two houses over the last 4 1/2 years that I have successfully turned over for a profit using 2 30-year conventional loans, I can actually purchase a property using my S Corp.The only problem is,  I would need to live in the property that I am fixing up, as I currently do not have a permanent home-base.

If your numbers are correct I would definitely pursue this deal.

Hi Megan, thanks for replying.

Thanks for your reply Adrien.

Garbage 20$ a month- that seems cheap Closing I would imagine your going to have atleast 4 grand Be sure the rehab costs are correct by actual quotes from contractors for the scope of work involved not guessing All that being said ..This looks like a solid investment and one worth pursuing once you get your ducks in a row

There was a mistake on the deed by me and the buyer corrected the mistake with an "*" with the correction.