In broad terms estoppel is a concept in law that prevents a person from alleging or denying facts in consequence of his own previous allegations or acts.Basically you're getting each tenant's confirmation of the terms of the lease and deposits held by the seller.In Canada it's probably called estoppel, as like most US law terms it probably derived from British Common Law.all cash

Advertised as triplex but county property search reveals it's a duplex (agent allegedly unaware of this).

@Cameron Ellis So, how much of a percentage monetarily is your contribution?

HI Cameron,I use a company called Citracado for lates.

C- my sh*t's in Bayview anyway, which is over a mile away from the alleged toxics. 

@Karin DiMauro and @Cameron Norfleet I am definitely interested in checking out a CTREIA meeting and hope to do so soon.

Cameron

Thanks for the reply @Cameron Norfleet,And we agree! 

We were both even more horrified by the ensuing legal fees that it cost to extricate ourselves from the mess because of the unfounded allegations the 'injured party' levied against us."

Here are the two analyses: Initial Investment Purchase Price $89,000.00 Closing Costs $2,225.00 Renovation Costs(allegedly turn key) $3,000.00 Total Investment Costs $94,225.00 Financing Costs Down Payment (%) 20.00% Down Payment ($) $17,800.00 Mortgage Balance $71,200.00 Annual Interest Rate 4.00% Loan Term (months) 360 Total Invested Capital $23,025.00 Fixed Monthly Operating Expenses P&I $339.92 Financing Charges $0.00 Administration Fees $12.50 Property Taxes $197.08 Homeowners Insurance $111.86 HOA Fees $0.00 Fixed Monthly Total Costs $661.36 Variable Monthly Operating Expenses Property Management $157.50 Advertisements/Referrals $65.63 Vacancy & Collection Losses $131.25 Capital Expenditures Replacement Fund $50.00 General Maintenance Fund $50.00 Temporary Utilities $10.00 Pest Control (Optional) $0.00 Lawn Care (Optional) $0.00 Total Variable Expenses $464.38 Total Monthly Expenses $1,125.74 Annual Operating Expenses $13,508.86 Operating Income Monthly Market Rent $1,575.00 Annual Gross Revenue $18,900.00 Monthly Profit (or Loss) $449.26 Annual Net Profit (or Loss) $5,391.14I present to you such a thorough analysis in the attempt to make sure I'm not making any glaring mistakes!