Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

They charge $1500, get you into the door, using you to find a deal, setting up partnership to make you carry 100% debt and all the risk, while ripoff 80% ownership (include the 10% for sponsorship to get loan)You definitely can get some useful information from their event but do deal with them?

If we do a sale, usually we'll pay off a bunch of debt or if our debt is getting high and we don't want to sell, we'll re-fi a property when our interest rate is about to reset anyway and pay everything off.

This crude method ignores all the other debt payments tenants have.

Unfortunately we are carrying a lot of debt from our last real estate purchase.

Also in regards to outstanding mortgage, most of these will be charged off by the bank as bad debt if they have not reported it as a foreclosure.

I have access to deals with no debt that provide monthly distributions. 

Hey Ram, I'd agree with David, I think you'd like to include a few more expenses like ongoing repairs, trash and replacement costs, plus add in something for vacancy and bad debt, plus add in closing costs. 

Same reason a bank wants to get as many debt guarantors as they can.

For the home loan, if assuming it isn’t an option with your current income, you might consider using some of the cabin sale proceeds as reserves or paying down debt to improve your financial standing.