It is a section of the forums where you can post all the details about your deal and have people pick it apart and analyze it for you.

Always good to pay attention to the details.

Not sure BoA is only bank to screw this up, but sure speaks volumes about large banks and their lack of personal concern or attention to detail.

I would have a lawyer handle this situation for me and keep all documentation so in later years I'd have legal proof that I did all I could to insure it was a false accusation, not wait until the child sues you years down the road and then try to prove the mom was making it up to get out of eviction.

I also got a detailed list from her of ALL issues with the property that she knows of, which included a lot of deferred maintenance.@ Peter, thank you so much!

But, in the real world, that's completely false.

Frank Luongo,Do you mind sharing details?

If that makes sense...........I've written lots of long posts to this effect...without going into again in detail, I'll just agree with Wayne

That's basically why.Now for some details.

It is:Gross rents x 50% = Cash Flow before debt service (the 50% includes taxes, insurance, property management, utilities paid for by owner, maintenance, vacancies, etc).Once you have that number, subtract your debt service payment (principal and interest), and you will have the cash flow.Without the actual rents or your loan details, it's hard to provide an accurate example.