The data you sent over does not look complete to me and it is difficult to tell if these are actual numbers or pro forma estimates.

I've done many at 100% LTV by selling the financing instead of buying the property so to speak.Retirees want income, low taxes, no headaches or worries, no more maintenance, repairs, tax return complications, cleaning, advertising, tenant collections and issues.

You only pay the PM fees with us when we collect rent.

Who pays the premium is usually by local custom, usuallt one pays for the search the other pays for title coverage.Taxes are pro-rated to the day of closing, you pay yours and they pat thiers, how taxes are collected depends on when you close, like December or in April for example as tax liability can be compensated by credits to the transaction, assumptions of escrows or paid at settlement, which goes to local custom.

From what I am hearing and reading is that banks will allow you up to 80% of the rents collected to use to to service debt and expenses.

There is a benefit that rent collections will be uneventful, usually unless the HA office messes up, but the rent is like clockwork.

.- Collect and pay your city/state hotel taxes if applicable.- Yes VRBO seems expensive if you're just starting out, but I've found that the amount of traffic they get and the time saved not having to futz with Craigslist is worth it.- Get your system tight.

I also include a link to thread of an agent who had a problem collecting his referral fee, and would like to avoid that and I'm sure he doesn't want to go thru it again.

10 years is the general timeframe to collect on all debts owed to uncle sam.

. - There would not be a rush to flip the property.Questions: - Would I be able to collect any monthly income, or would I have to wait for sale of the property?