This means your on the wrong side of zero.For a leveraged facility to produce appreciable positive cash flow, you need the cap rate to exceed the interest rate on your debt.

Its all about my ten year goal of building a nice monthly income stream that investing 1.2 million will never produce in that same time frame.Any thought - suggestions - blueprints of what you have done???

Every so often a "motivated seller" deal worth calling on.What I have learned from a large number of Investors around this area is that the MLS is not producing near as many deals lately either.

Bob, It seems strange to me that your father would leave you and your brother a free and clear, income producing property but leave your mother saddled with a 380K debt with no way to pay for it, so I'm assuming she has a monthly income or savings that will support the current mortgage?

Was told that changed to 4 total. internet search did not produce answer.If it changed please advise what the new number is.

Sharon Vornholt, very good point, code violations is another issue that can produce leads for rehabbers.

Many at a recorder's office are skiddish about accepting deeds of the street due to fraud issues, understandably, but a clerk or the Recorder of Deeds may only determin if a document meets filing requirements, size of print, style, margins, noatry, and such, they may not make a determination of the content as to the legality of any document and must file what is produced to them if it meets filing requirements.

Not interested in more income producing property.Thanks and all the best.

If your competition is lazy, produce a ton of material that they may copy and disseminate for you!

went to my probate office asking for the last 3 months of houses in probate which they resonded with they cannot produce such a list.....what should i be asking?