I kept a few extra feet separation from them and kept them in front of me at all times.

even after I hung a little extra sign below it with those details.

With several dozen checkbooks, several dozen tax returns, several dozen filing systems, it would be an endless amount of work and a lot of extra cost.

IncomeRent $750ExpensesPITI $815Misc $300Negative cash flow $365.Since taxes vary locally, it’s hard for me to know how much is going toward the principal balance each month, but I’ll assume your initial loan was for 125K and say:Cost to sell this place now (commissions, closing costs $10,000)10 years of carrying costs: $43,800Principal pay down over 10 years: $20,26820 years of carrying costs: $87,600Principal pay down over 20 years: $57,49630 years of carrying costs: $131,400Principal pay down over 30 years: $125,000It seems like the negative cash flow outweighs the benefit of keeping this place, unless you just want to have an extra piece of real estate for your child, parent or whatever.As an investment, it does not seem to make sense.

I actually have an extra copy available.

You can generally EARN at least another $100 per unit per month by doing the managment and maintenance yourself.

I provide these extra comments.In PA it is actually handled by the Sheriff (technically, by his office staff).I have not seen a lender do as Wheatie suggests above, but the effect is the same.

Why then should you give them extra overage money ‘just in case’ taxes or insurance goes up next year?

But do not count on the extra cash for closing costs or rehab.The lenders are now giving their 80% LTV (or 75%) of the sale price OR appraised value WHICHEVER IS LOWER for investment properties.My best advice is to go check with the bank first: ask these questions, get pre-approved, know your financial limits, etc.

All Cash, Do you have an extra cup of coffee?