I have my real estate license and we are coming across more foreclosures that have renters and are income producing.

If your goal is passive income, buying a property that has a lot of equity but produces no income is not a good investment for you.

I have acquired and kept houses and apartments and the latter is easier to lease, manage and they produce more cashflows with less risks.

Why would you give up 50 years of preventative care of the best medical care in the world, only to let problems compound in your body under lesser care until you needed to travel to another country for proper medical treatment?

Thank You, If any body needs help find any proerties in NY let me Know, I have a realestate licensed and have access to the Westchester, Putnam, Dutches MLS.

For some lenders, the rental income has to show up on two tax returns before they "count it" as part of the income being produced.

One evaluation is to assume 100% financing and see if the property produces enough cash flow

I know that at least one guru has said to produce these justifications ....

Now why would anyone with an honest bone in their body want to tie up his property with a long due diligence period without having the money or intention to close if need be?

Where I do think it could shine is in presentation - it's something that can be carried around and produced in a flash, without waiting for boot up time, to present ideas and proposals in a very striking and dynamic visual mode unlike anything we've had before.