Tax Returns: Request copies of the individual's previous years tax returns will confirm there yearly income and account for expenses and liabilities.4.

Asking $620k Debt service $4,352/m (10% Interest, 30-year amortization, 80% LTV) Taxes ($1033/m), insurance ($833/m), maintenance($1000/m), property management ($2400/m)Total - $9,613 (very rough estimate) Cashflow with 70% occupancy - $2,387/m (Cash flow pro-forma with adjustments $7,000/m+)What am I missing? 

If we negotiate seller credits you may even get paid to buy a home!

Their fund on tax liens I was scratching my head on that one…

Everything checks out except they have terrible credit.

i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding I think house hacking is great way to get started, especially here in SC so you can take advantage of the lower tax rate.

Brandon,Credit score? 

High profile locations with investment grade credit tenants or strong private credit if available. 5% preferred return annually plus splitting of cash flow over that mark.

A couple years ago the IRS asked for her 1979 taxes and she didn’t have them to prove them.

I pulled a list of tax delinquent properties in my area.