If it's a good deal I would do a little more investigating before calling it quits.

In cross-collateralizing, be sure to investigate all existing lien positions on those other properties.

My mortgage company erred in its flood hazard investigation - issued me an "all clear" as not being in a flood hazard zone.

In addition, I continue to investigate/analyze other potential assets.

Hi Pedro,Have you thought of contacting the investigative reporters at either Channel 2 or Channel 5.

Not sure the seller would take a second position but still worth investigating further

I would talk to agents and also investigate the market in person.

§Note: The Federal Trade Commission (the “FTC”) has conducted an investigation concerning certain provisions in the NARPM® Code of Ethics and Standards of Professionalism (“Code of Ethics”).

But as always "investigate before you invest."

Here are my Anticipated Numbers Rental Income Room 1 $950.00Room 2 $850.00Room 3 $0.00Gross Rent 1,800.00Expenses Rent $1,500.00Electric and Gas: $300.00Trash: $60.00Internet $80.00Alarm $25.00Sling Tv: $35.00Water: $100.00Insurance: $50* (going to need to investigate if I need to obtain landlords policy or endorsement on current policy, projected cost of insurance) Total Monthly Expense: $2,050.00Gross Rent minus Expenses: -$350.00.