.§ 5.071.Seller's Disclosure of Financing TermsBefore an executory contract is signed by the purchaser, the seller shall provide to the purchaser a written statement that specifies: (1) the purchase price of the property; (2) the interest rate charged under the contract; (3) the dollar amount, or an estimate of the dollar amount if the interest rate is variable, of the interest charged for the term of the contract; (4) the total amount of principal and interest to be paid under the contract; (5) the late charge, if any, that may be assessed under the contract; and (6) the fact that the seller may not charge a prepayment penalty or any similar fee if the purchaser elects to pay the entire amount due under the contract before the scheduled payment date under the contract.Applicability Note [see section 3(d) of SB 198]: The change in law made by § 5.071 applies only to transactions involving executory contracts for conveyance for which negotiations begin on or after September 1, 2001.

No repairs to replace sheetrock can be done until all the studs, flooring, are dry.. and this takes time,, and everyone else is in the same situation so lack of supplies, and workers to get the job done is going to be a huge issue.. 

I would first verify the owner supplied expenses.

Investors are helping to dry up supply and keep paying higher prices.

Too many variables at this time to give accurate answers.

Brandon Turner (BP Co Host), when analyzing rental properties, likes to allocate some portion of the rental income to what he calls "Variable Costs".

Basically like most complicated matters...it really depends on all the variables and moving pieces. 

What proof needs to be supplied to get a false account taken down?

See the 3 things after the financialsPurchase price: $390,000I can get financing at 25% down, 5.5% amortized 25 yearsPer seller:90% occupancy or higher since they owned in 20028 - 1 bed/1 bath at $550 per month6 - 2 bed/1 bath at $650 per month*One of the 1 bed/1 bath has an onsite manager/handyman living for free so there is no property mgmt costs in the expenses*Owner pays water and trash2017: Total Operating Income: $79,989.50Expenses:- Lawn Maintenance: $1,800- Water: $6,816- Trash Collection: $1,740- Pest Control: $820- Supplies: $4,280- Repairs: $9,852- Insurance: $4,153- Property Taxes: $10,515Total Expenses: $39,976.82NOI: $40,012.682016:Total Operating Income: $83,154Expenses:- Lawn Maintenance: $1,800- Water: $5,820- Trash Collection: $1,680- Pest Control: $604- Supplies: $6,639- Repairs: $9,910- Insurance: $4,153- Property Taxes: $10,521Total Expenses: $41,127NOI: $42,027So if I’m all in at $115k (down payment + closing costs), assuming 40k NOI, i’m looking at 16.4% cash on cash with one unit vacant at current rents (without anything set aside for capex however)WHAT WORRIES ME:1) No washer/dryer connections AND no laundry facility on site (would have to build a new building and run new plumbing to add one).

@Shawn Holsapple  I know its a double edge sword a lot of wholesalers probably lived off of supplying this Morris/Oceanpointe product.. but to what end.. to see good hard working folks lose a ton of money buying into the total Freedom number dream.. its astounding..