If you say no, then you would be missing out on a lot of other benefits to creating wealth in real estate.Cashflow is just ONE way that we make money in "buy and hold" real estate - and it's the least important part of gaining wealth.  

If you're applying for a Conventional/FHA/VA/ or USDA loan, then they will do a "global cash flow" where they take into account your PITI (Principal + Interest + Taxes + Insurance (hazard and flood) on all properties (second mortgages included), HOA payments, car payments, student loan payments, credit card payments, and installment loan payments in the numerator and your gross income in the denominator.

More importantly, are you gonna up your game and start using the Classifieds to make your pitch there big dawg?

Ours will be $50/mo, including water!! 

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

There’s your documentation, not including the mortgage company’s documentation showing dad’s mortgage payments and then hers. 

This requires patience when you have a vacancy and it means having money in the bank to cover the bills while you wait for the right tenant.The most important thing you need when self managing is procedures and processes.

It all worked out but that credit score thing was very important to know.

I recommend a structural engineer further evaluate and make recommendations related to this observation” And regarding this make-shift supports: “Temporary posts exist in the basement that should be considered for replacement with a permanent support system.A temporary post is noted as a support to the ground that does not appear to be resting on a footer.This temporary support post is holding up a metal beam supporting a large portion of the house.This is a structural concern that should be reviewed by a qualified engineer/contractor”I will include a couple pics as well 

Full has authority to transact but there are steps they must follow including filing a Notice of Proposed Action with the Court 15 days prior to taking action on your offer.