If that doesn't work out I'm not sure where we go from there.As far as our part in the deal, we found the deal, would go to auction to bid or advise, would be willing to cover the quiet title action and take care of the selling process.

Things like I can't do this and can't find that, etc. my opinion, you spend too much time focusing on things that don't seem to work out for you rather than on items you can do or work on doing better to accomplish the goal.There is no magical answer to your issue, you have to find it within yourself to make something positive happen.I find it hard to believe that a person with a college degree in accounting can't make more than 1400 a month.

The $ investor is taking all the risk and if things work out, you get all the reward.I am still not certain that there is no room for sweat equity but nowhere near this much.

If you buy at the top, sell at the bottom, and don't rebuy at the bottom, it'll never work out well.

Definitely, of course, this is something my attorney & the seller's attorney will work out -- but I guess I need to know what to ask my attorney for.

In my personal experience that has played out pretty accurately.If I ran the numbers, net annual income before PI and utilities would work out to about $22.5K.

here's a quick update:- the first offer fell through because the buyer lost his job- the second offer fell through, then as of yesterday, they were able to salvage the offer and continue negotiations with this buyermy cousin is still unsure of the current offer going through so I told him to keep me in the loop just in case it doesn't work out with the current buyer again

I believe Jon Klaus does this daily using Realtor.com But you need to work out an arrangement to get some sort of MLS access quickly.1.

Well the 50% rule actually refers to the fact that 50%of a given rent wil go to expenses over the life of the asset, you can tell that may be very inaccurate out here in SoCal due to higher costs.2%, in Orange county I doubt it would be possible at all.You have to understand out here there is an extremely different mindset to buy and hold investing, it's for appreciation not cash flow.I've run across bogs in the past where they discussed how the numbers work out here.

After servicing the respective notes, we are left with ~$110.00/mth for the SFH and ~1200/mth {~200/door} for the quad.If the 60 - 95K SFH existed in our part of the world, things would probably work out in favour of the SFH.