(Note: They did not include deals that ended in foreclosure or had a negative profit compared to the original purchase price.

Have you had any negative experiences with his educational programs?

It will have a negative impact on your credit and banks will view this as a much higher risk and potentially increase chance of getting rejected for financing

As far as the Loan Officer is concerned, it gets added back to your income and does not negatively affect DTI. 

So way more volatility but no negative years.

Here in the South, lack of central air is considered a serious negative.

If you add both of those factors in, you may be looking at a negative cash flow situation.

@Brian Van Pelt I understand that it makes sense to think of me as a tenant but I am not certain how this helps me achieve the "good deal" numbers since I will not be paying myself to live there I would still paying the lender and I feel like I would still have a negative cash flow.

Tenants reduced desire to move during the winter is seen as a negative when you need to lease out a unit during that time.But remember, even on a 12 month lease that goes month to month after the 12th month.

Plugging an average 30% management fee into the two examples above, the first owner would see his or her cashflow drop to about $8,000 per year (10% cap and 24% cash-on-cash return), while the second owner would see his or her cashflow go slightly (~$300) negative (6% cap and -1% cash-on-cash return).In contrast, if I were to approach an investor with an idea of a 50/50 JV agreement, where they put up the capital, I take no management fee, and we share equity and cashflow 50%, the first owner would see cashflow of $14,250 per year (38% cash-on-cash return), and the second owner would see cashflow of $3,500 per year (10% cash-on-cash return)--both significantly better than hiring a professional manager.Of course, in the second scenario, I would end up with less cashflow than I would managing the same property at 30% ($14,250 vs. $19,500 for the first and $3,500 vs. $7,200 for the second), but that's OK with me because now I have equity in the property (with a potential infinite rate of return if and when the property is sold).The question:So, would something like this be an equitable arrangement?