Since then I've done two more.Here's my current section 8's and some pictures I posted on them at one time.

I am 1099'd and my husband owns an S corp business so traditional funding is questionable at best.

Most quads are in the 200's that rent for 600 a unit.Thanks for the response Mark.

Can someone explain what ratio(s) the banks are looking for when underwriting a loan on a condo (i.e. number of rentals vs. primary residences)?

The inside turned out to be a little 1950's gem with a lot of nice finished wood while the outside is ho-hum.This is a low income neighborhood with some recent burglaries.

Sure the scale is different, but it is the exact same model used by power brokers in the 80's , exact same, just scaled up.

In this type of market, like the 90's, I try to get the rents up and the mortgages down and ride it out as best I can.

In piecing together what I believe you are saying is that the house(s) you want to flip can be partly financed with HML and you'll use funds from a rental for down and extras.Borrowing like this is fine if you have back-up income to cover everything when things don't go the way you plan.

Andy, I think Hal's potential buyer may be an investor who has other S-8 property.

We are in our early 50's and I am quite awful at the stock market, etc.