I've been contacting NJ housing for rent and FSBO ads on Craigslist.

In the case of the seller does it make more sense for them to look at something like a sandwich lease as it will enable them to show the property as a "rental property" in the future and utilize the payments as income adding some relief to the debt to income ratios?

This is his calculation:Estimated Gross Income : $206,268Estimated Total Expense : $107,515Estimated Property Taxes: $ 16,536Estimated Insurance : $ 8,004Estimated Total Expense : $132,055Net Annual Operating Income: $74,213Purchase Price : $320,000Plus Estimated Rehab Cost : $100,000Total Cost : $420,000ROI : $74,212 / $420,000 = 17.66%Now I don't know how much was added for management, maintenance, vacancy and other operating costi) What would you do from here?

Or maybe it's only the second day I posted the ads.

So then we added PMI in order to borrow at least $80K; I figured this was fine since it’s only $6 a month and I can turn right around and pay it back down if I want.The next issue arose because it’s an 8-unit condo and one non-resident person owns two units.

add worse case 5 points to that ($5,000) you would have only spent about $12,500 adding a profit of $17,500 which only calculates of giving up about 30% of the deal.

For years, the U.S. government has been adding to its debt with absolutely no exist plan or any basis of the results.One of the U.S. largest financial supporters is now experiencing its own financial challenges - China.Four of the most concerns to me, 1) too many people are already forgetting the lessons learned about too much debt and the results; 2) the growing number of people who rely on taxpayer assistance; 3) the cost of living is escalating while buying power has been on a steady decline for more than a decade; and 4) the number of people in the workforce is at 1990s levels.Another major concern is affordable housing.

I don't want to imply you should be adding drop ceilings all over the place.

Once your added to everyone's list then this is a scenario that could most definitely happen, but this is nothing new by a long shot.

For $5k/unit, we were able to put all new tile flooring in each unit, do complete kitchen and bath remodels including adding dishwasher, garbage disposal, new sinks and toilets, back splashes, tiled showers, and more.