From what I've read, even if I pay it off it will remain on the report.

Inflation is constantly eating away at your profit and rent increases are needed just to stay even.

Of course they are going to inflate numbers and omit some expenses you'll encounter along the way just so it sounds good and easy to do.

In my market, one of the few I've found you can get cash out each month, here's my basic formula:Total rents-30% for Maintenance and Vacancy-10% for management (even if I'm doing it, it has value)-$100/month profit PER UNIT- all hard costs (except mortgage)The remaining number is how much I can spend on a mortgage...and therefore gives me the value of the property

I am well versed in land trust type transactions and not sure what you mean by how lenders look at the sellers in this deal.First off if you look at the Garn St Germain Act of 1982 under section 8a you will find a lender can not call a loan due by way of a seller vesting his title into an inter-vivos trust as long as the settlor remains a beneficiary and there is not tranfer of occupany or leasehold interest so that did not change and been the same.I personally love using trusts due to the protection it provides all parties as beneficiaries in the trust.

Personally, I think Zillow has inflated values.

Do you really want to jump into a multi-unit and then find out that you aren’t getting a deal on the property because you found it on the MLS and lord knows it’s rare to find a deal on that, not to mention the listing agent has inflated the price on the property.

Thanks for the clarification.So if you were to take on that loan, could you take an addtional loan for the remaining 20%?

I thought that was an inflated percentage to help protect the new investor from disaster.

Brian,Did you sell off the remaining stock?