I'd push back on taking possession on June 29th and still have July rent going to sellers.

I'm no longer interested in it as we are looking at another property and putting our efforts onto attaining that one, but as always, we still keep an eye out for others.DIFFERENT PROPERTY: QUESTION: does state and fed tax arrears follow the house or owner in a foreclosure, courthouse auction?   

Follow up with an email if you want to.

Be careful of agents just showing properties off of the MLS to earn commission or companies that just want to sell you a property and then push you off on some other management company.

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

Don't just push this aside and not pursue RE.

If so can it also be use for hundreds of units, or is there a limit of units I have to follow?

If so can it also be use for hundreds of units, or is there a limit of units I have to follow?

Hi,I did the following numbers for  potential deal in Houston.

I want to follow this thread just to see who wins the "Battle of the Serial Litterbugs."