The first time I saw him, he approached me, asking me personal questions in a very rude manner, I mean obviously he knew I didn't live there (btw I'm Hispanic) And the majority of the residents are older white retires.

These four properties are obviously cash flowing very nicely without the mortgages, but I am now in need of cash for new investments.  

Ricky the 50% rule applies to income.........and you had that it just was not obvious to this old guy, so 1150x50 =575-292=283 Yeah you were spot on.

Obviously you would have to figure out weather or not the income to expense ratio is acceptable and makes realistic sense. 

I have totally required a unit because of knob and tube — make sure it isn’t more extensive than you initially think.

Obviously, some topics are more interesting and engaging than others, but it seems like 90% of engagement happens on a few posts that trend.I've had some great conversations through making connections and messaging back and forth. 

We were just notified that two tenants are subject to eviction, and one other tenant has given notice that they're vacating before we close on the property.This means that we could potentially be looking at a total of 4 vacancies, as opposed to the 1 vacancy we thought we'd have upon closing.

If you are asking for 75k on a deal with 100k that is more risk obviously, therefore, they would want skin.

Obviously, each route has it's pros and cons.

@Kerry Baird ARE THESE NORMAL TERMS FROM A HML (SORRY ABOUT CAPS IT WONT SHUT OFF)Fees that account for your total amount due at closingDown Payment 10%-15% (550 programs require a 20% down)Interest Rate 12%Construction cost 10%Loan Fee 5%6 months reserve of monthly interest payments Title FeeInsurance Fee We have two programs the 550 and 600.