It looks similar to an interest only loan, but the $134.00 a month is not taxable now or upon sale of the property.I have made a number of assumptions for my second example:Rent multiplier of 1x the property would bring $1,000 a monthcosts P&I 500 a monthTax and Ins 200 a month700 a month costs = 300 a month cash flow - not a bad scenarioTax liability 300 a month - tax on principal increase upon saleMy mortgageRent multiplier of 1x the property would bring $1,000 a monthcosts P&I 500 a monthBank loans you an additoanal  $134 per monthTax and Ins 200 a month700 a month costs = 300 + 134 = 434 cash flow Tax liability 300 a month and no tax liability for principal increase. 

I would sit down and think about how much money you have available to invest into wholesaling on a consistent monthly basis for the next 6 months.

Everything you've said is consistent with what I have been learning here.Thank you for the help!

About months ago, started marketing small multifamily, not a huge response, but if I stay consistent, I will be fine.I have bought my targeted list from variety of sources.

BP can be truly life changing once you become consistent with it :) keep up the good work and good luck closing on this one!

We've consistently made payments of $500 each year in our taxes.

-The price is fairly consistent with the market, not a superb deal considering the neighborhood and street.

Most turnkey companies doing consistent deal flow should be able to point you in the direction of reputable lenders.

I have many friends looking to invest and partner, but we are consistently faced with prohibitive entries and less-than-ideal cash-on-cash returns here.

In my prior accounting experience as long as you are consistent, the IRS is cool about it.