Check out [LINK REMOVED] I hear that is a program where you can put down 50% and the lenders will carry the other 50% for 5-7yrs.

In fact, if the foreclosures were carried out by the politicians and the government, the error rate would be many times as high as it is.

Can the sellers carry a note for the down payment?

Unfortunately the extra repairs and carrying cost have put us in the hole, but we like to comfort ourselves by saying we just attended a very expensive "boot camp"!

Every independent contractor should carry his /her own policy which includes workman's comp for his /her employees.

Ideally (from what i've been reading)2% of 300k = $6k/month (what the rent SHOULD be)50% of 6k/month = $3k/month (what the expenses SHOULD be)So...If expenses are $3000, and my mortgage is $2400; the total monthly carrying cost would be $5400.Factor in rent of $3200/month and you'd be left with a loss on this property of $2200/month.

You might even have to do a short sale or convince the lender to let you carry a note for the shortage.

I would figure out the exit plan first since as Page Huyette stated, financing could be problematic unless your planning on carrying a bunch of paper.

Lots of really smart people are in jail, RE carries much more liability to an individual than almost any other sales oriented business.

Just a thought…This is the difference between carrying buckets of water verses building a pipe-line.