So I says to the guy.. don't you think 90k is a little excessive for a wholesale double escrow fee.. just got a bunch of double talk..

.$2800 a year seems excessive, although a roof could eat up a large chunk of that. 

I have handled transactions in excess of 10M and have worked with many investors right here on BP.

Sometimes these closings can drag in, while the delinquent taxes keep building up and up.This kind of clause might give you a little extra predictability in the numbers (anything in excess of said amount would simply be paid from the sellers proceeds).Food for thought anyway.

He should have then issued a 1099-MISC "giving" the rents to the old landlord; however, he should have deducted any excess costs for repairs and such before making those payments as to limit the increase in YOUR costs.Also in many places it is illegal to have a side deal set up with a seller.

Its good to consult an attorney on how to organize your assets and entites, but $1800 per LLC seems highly excessive.

I can sell the excess (about 25,000 squ/ft) for about 20% (.50-.60/squ/ft) of what Lowes sells it for.

My plan would be to rehab the apartments to a decent standard off the bat and then do a big overhaul on them over time.I think it's probably too bigger steak for my appetite off the bat, but it's definitely an interesting prospect.

The credit quality is sufficient to deliver them nice risk-adjusted yields well in excess of their cost of capital.

DTI is based on the minimum required monthly payments for each loan, not the excess amount you may be paying.