If the billionaires have an eye on where you're at, you may be positioned quite well there.

I'd like to see how a $150,000 house bought near retail price has a $150 positive cash flow each month!

I plan to buy them extremely low...It wont make me a millionair but I know the rents and I figured I can bring in a decent positive income if I buy them low enough.

MEJ I am in somewhat of the position you are.

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

Period.Anyone else entering the mix is in a back-up offer position.

If your entire contract was verbal, then you may be only in a position to negotiate a deal outside court.

- Is there a lot of positive press regarding the brand?

Can the moderator please delete Dwayne Buckners post, it's all positive here on my thread except him.

A properly purchased rental property should pay for itself right away with positive cash flow used for unforseen expenses.