Debt Service on the property $241,395 @ 25% ($60,348) down is $181,047 or $906/month.Cash Flow = $2,875 - $191.67 - $733.33 - $220 - $201.25 - $201.25 - $143.75 - $906 = $277.75/month...on 5 units...Because I focus on cash flow, this property doesn't initially pass my napkin test but if its under market rents, it might be worth digging into more.

His rent would only be the cost of PITI, so this would not be generating income, yet it would provide additional write offs. 

Hey all,I am trying to get a list generated for my direct marketing campaign.

If it is just a receipt for rent paid, just generate one.

In my experience it should not be your responsibility to pay the lien, it will get paid off prior to or at close.With that said, I have represented buyers and have personally purchased properties off of all the auction sites here in CT and in a lot of the cases the title did not come back clean initially.

I have to have a survey done first and have initial plans drawn up by an architect. 

Owner pays utilities now, however it has 5 meters, and I would change that, generating a possible 7k increase yearly in income. 

Create a marketing plan, deploy your capital to generate some motivated seller leads, wholesale a few deals and SAVE the money you make to create a war chest to go after bigger and better things. 

With one of the last short sales I purchased, I signed the initial purchase agreement in my name only so my wife didn't have to hassle with signing all the paperwork/disclosures. 

Its all about running your numbers.It sounds like your long-term goal is to have a large portfolio of rentals.Therefore, if the ARV of a property will generate a strong profit for you and the cash flow isn't great (or you can use your profits to purchase another property with better cash flow), sell it.If a property generates great cash flow for you, keep it.