• 6 month term [/b]Apparently you are operating from the old rules (550 FICO with exceptions made on a case-by-case basis), but the investor changed their guidelines several months ago.

1,000,000 Asking Price22 Units - Each Unit @ $789 Monthly Rent$17,358 Gross Monthly Rent($8,679) Less 50% Expenses$8,679 Operating income$1,000,000 - 30 Year Note @ 8% = $7,337 Monthly Mortgage$8,679($7,337)=$1,342 Monthly Cash Flow ($61 a unit)So I did these numbers assuming no down payment, paying asking price, and on an 8% loan.

He has a course that is a winner but I am not sure if his estate is still operating his old company.

The recession was tied to the 9/11 and dot.com events so the local banks who operate nationally and internationally were impacted a bit.Charlotte is similar to Portland OR and Seattle WA in that it sort of missed the boom so the market is healthy now.

As this is causing some damage to investors I know there is incentive to get the person sorted.Rogue operators are a problem.John Corey

Even Trump has a few properties currently operating or under development.Despite the fact that the property is in a hotel setting, a condo hotel is considered a private residence, and owners are eligible for mortgage interest deductions and other tax advantages that come from owning a second home.

With gross rents of $650 per month, the operating expenses will be about $325, leaving the NOI at $325.

Does anybody know if there are any available courses on coin operated investing?

It is not uncommon for PM companies to utilize "interns" and this is a great way to learn about operations, applicable laws, marketing, and, if there are active investment property sales agents in the organization, you can learn the mechanics of the Deals as well.

More important is to then operate correctly.