I wasn't very clear in my other post.

It also became clear the work load to simply have a file looked at was pretty darn involved.

My plan is to clear every one of those homes out as leases permit to refill the community with brand new larger homes.

When the market was up these same homes would go for 70 to 80k if that helps.Anyone care to clear it up.

If your target was a 10 cap but the inspector said a new roof was needed now for 8,000 you would go 86,940 purchase - immediate capex (8,000) = 78,940 offer priceMost investors shoot for about 100 minimum a door clear after anticipated costs and debt service per month.Remember the costs average out to 50% but some years you will use more and some less but it will average over time close to this.Big ticket items you need to build a cost reserve stable of when those items will reach past the life expectancy and plan accordingly.If you look at the BP file vault on here there is some free stuff and I believe a cost reserve stable in excel example is on here somewhere.

My previous response was not clear but I understand your first and second reminder.

The " 11" cap number I showed is for myself if I keep this duplex as investment.This may not have been clear.

They clearly state in this article, “ROBS plans, while not considered an abusive tax avoidance transaction, are questionable because they may solely benefit one individual – the individual who rolls over his or her existing retirement funds to the ROBS plan in a tax-free transaction.”Another option to gain personal access, as Lisa Liberski noted, would be a $50k maximum loan from your 401K.

Well clearly an attorney is going to put every clause, rule and regulation as possible in a contract to protect his client.

What is not clear is who the borrower is on the loan.