Especially in Indianapolis in the fall heading into winter the MLS has listings all day long at great deals with great cashflow, using actual numbers and actual comps.  

So far, It's been hearsay and haven't met anyone who has actually done this. 

Up to now, I've been following them on Youtube but in an old show i was listening to recently (a new years show, i think) Josh and Brandon mentioned that the shows actually get recorded but come on Youtube weeks later.

Do these number Monthly Gross Rents $ 4200Monthly Expenses  Vacancy       $ 336 (8%);  (including here since 50% rule includes vacancy as part of expense)  Prop Mgmt   $420 (10% of gross rents)  Insurance     $208 ($2500 yearly; quoted by insurance agent)  Prop Taxes   $680 (2.9%/year of assessed value; actuals; eats up 15% of gross rents)  HOA fees      $330   Maint Reserves:   $420 (10% of gross rents)  Maint/Repairs       $84 (5% of gross rents)Total Expenses : $2478 (59% of gross rents)  NOI:   $1722  Mortgage: $1215 (25% down @ 5% interest)Approx Cash Flow: $507/month (about $125/unit)Cash-on-Cash: 7.2% (Assumes 25% down + 3% closing costs as initial cash requirement)Thanks,Jacob  

I have a semi-organized plan, but before I invest a significant amount of time and money I was wondering how many here have actually used either lease options, master lease options or seller financing in the Dodd-Frank era?

@William Murrell I am actually waiting on two banks to approval or deny my loan on this property.

I am already using LoopNet, but I think I need an actual broker that can run comps and help me analyze deals.

Is the initial negative cash flow ok to overlook knowing I can cover the difference AND that the deal will eventually lead to positive cash flow in excess of $100 each unit per month once I re-finance and move out of one of the units?

Three brief thoughts:1) at some point prices will make new highs. 2) it's been 8-11 years since "2005-2008".3) you're not accounting for inflation, so prices haven't actually reached "those" levels quite yet.

Account Closed I also recommend Chicago Title for many reasons, but most importantly the number of actual offices.