I get the impression this would be more feasible, and I'm in a position where I could do that as I don't own my own home and am currently renting anyway.

In that case my financing cost is my loss of earnings on the cash while it is tied up.

I just can't imagine that the lender would just let that kind of loss go, but I understand well that they are now bogged down w/ many non-performing assets that they need to get off the books.

How did you come up with $660/month loss?

Is it feasible -- legally, lender-wise?

Here are the facts on this potential purchase: (2) adjacent properties, (2) deeds, owner wants to sell them together.First Property: (3) unitsGross Rents $1625 per monthWater/Sewer: $600 per year (approx.)Insurance: $2800 per year (quote/ insurance company, non-owner occupied, seems high)Taxes: $145 per month ($1740 per year)Maintenance: $150 month (approx.)Financing: 80/20/5, 1st @6.87%, 2nd @7.87%, 5% down-paymentPMI: 1.05 % loan amountVacancy/Rent Loss: 10% of gross (???)

Here is how I see the numbers as a rental:Purchase Price: $145,000Gross Rents: $1,350 Operating Expenses: $675NOI: $675Mortgage: ($145,000, 30 year, 6.5%) $916Monthly Loss: $241 OUCH!

IT IS BASICALLY MY LOSS AND I AM TIRED OFDEALING WITH THIS HEADACHE ANYWAY"Also, this is what he charged me to file the eviction--Attourney fees for filing eviction and papers served(total fee was$425)($300 was sent for partial eviction).

The LLC is disregarded as I am the only member when it comes to my taxes so my rental incomes/losses are just reported via Schedule E.I forget all of the reasons why but when I looked into this initially 3 years ago the best strategy was S-Corp for shortterm, LLC for holds.BMR

Is this feasible?