Often appears to be less because only the most obvious expenses (taxes, insurance, utilities) are included and others (maintenance, property management, advertising, legal, evictions) are neglected.

I have found a decent book that just deals with these types of properties and covers lots of specifics: Armchair Real Estate Millionaire.From a financing standpoint, there are programs that allow up to 90% financing for this type lease tenant arrangement.

There are quite a few HML rehab programs that will lend you 100% of the purchase price + cost of repair + closing costs (and in some cases, allow you to roll in the mortgage payments) assuming that the sum total doesn't exceed the ARV allowance of the program.

Just interested in your opinion.Judging some of your posts, you appear to have this marketing thing down pat.

With the market the way it’s been for a while and many people being upside down on properties and waiting until too late to get out.....how is the best way to address a “no deal” situation with a client (such as this one appears)?

If you could find the perfect program to help you invest what would it be?

Went from 1960's to modern without tearing out one item, and it appeared ALL completely had been replaced quality wise.

i dont know if they are for sell or not, but they appear to be vacant.

My partner had a 660 to start, which isn't great but was the min FICO for the loan program.

I wouldn't have caught it but one day I was sick and saw the debit appear.