Just had a couple questions I was hoping someone could answer:1.

Best case you're only making ~$18k and only a couple of things have to go wrong for this to go underwater.

We didn't think it would sell for what it did, but a couple comps in the neighborhood sold while we were working on it and it upped the value.

I have a couple of questions about a short sale.

I cant imagine any bank would lend to a brand new LLC and give a non-recourse loan.

Hi Matthew, we have a multi family meet up group that was recently started a couple months ago and will be meeting again on November 29.

So, an offer below fair market value coupled with the fact that he is living for free and selling the property means he suddenly incurs rental expenses, could be called disrespectful.

Charge them the value of a comparable used stove, but buy a brand new one to replace it and be done. 

There are a couple that this will be big for and others where properties are already expensive.

Being new to this, what are some known strategies that people use to purchase a second, third, fourth property quickly [within a couple of years] opposed to waiting for that single property to bring in enough income to afford the next purchase?