Also, pretty much throw out the sellers numbers and do your own based on market conditions.

Little bit of a learning curve because you can customize reports and analysis based on your own equations but once its setup, its very effective and works great.James Storey, CCIM 

They are investor-friendly mortgages that qualify a deal based on the rental income and do not look at your DTI in any capacity. 

Thinking $150-300k properties based on what I've seen so far. 

Based off comparisons in the neighborhood, the house should be worth anywhere between $175,000 and $215,000.

Class C I bought because I was looking at gentrification patterns near downtown and hoping those areas would go up in value over time and tenant base would become higher income - rolled the dice and not doing well so far, from talking to other investors. 

Lastly don't base the "party situation" off the old PM.

ALL Foreclosure MUST be posted in the county legal newspaper for a certain number of days based on the State. 

@Karthik Jayaraman Based on your math, it looks like you're losing $915 each month, which can be a significant amount for many.

We are based in NY, but we do have clients throughout the country.