You would not subtract any loan pay off or pay off costs nor any operating items such as prorated rents, prorated property taxes, etc. 2) Can we buy multiple properties, are the time limits different for each?

Included was a letter that detailed everything itemized, with lease paragraphs to reference where they violated terms. 

CONTINGENCIES MAY EXIST: I understand the sale may be contingent upon Buyer's inspection and approval of certain items described in The Agreement.

The simple answer is Cash Flow = Gross rents - carry costs (PITI) - Utilities - Capex (Cost to replace worn or broken down items...eg..Roof/AC unit)- vacancies.

These are essentially tethering kits that are installed behind large items of furniture to allow them to be "tied" to the wall.See this:http://www.nbcnews.com/id/48573739/ns/health-child...These kind of accidents are horribly common.  

He also offers investor inspections which don't come with the detailed report on every little thing wrong just the big items structural, mechanicals and roof.

That is where BP comes in, and I am excited that there is an even greater opportunity to achieve a steep learning curve within this great community.Currently, my partner and I are working on numerous action items.

If you are conducting a sale transaction as a non-licensed person with a seller who is non-licensed, you both can discuss disclosures of all of the items you mentioned.

Doesn't matter if you get a great loan if these other items are a negative.

Rent  $1400/month covers these items (as in your tenant)P&I Payment $500.00 Repairs Needed $0.00Taxes $118.92Insurance $208.33Management $182.00TOTAL ~ $1010/month x 5 = $5050Reserves to set aside (emergency - covers 5 months) $5098.33 Expenses Headache Factor=0% CAPEX  $70.00 General Maintenance  $83.33 Utilities 0 0 HOA Fees 0 0 Flood Insurance 0 0 Vacancy  $112.00TOTAL ~ $265/month of useless compensation (using this method) ~ $3200/year Seriously, if you have vacancy due to a repair issue (like a roof problem).