Well Brian ethics and what it entails is subjective on an individual basis.If you are an astute buyer it is not your job to protect the interests of the seller or school them.What constitutes a fair and equitable deal is in the eye of the beholder.The law and ethics are two very different things.

Even an individual owner of real estate has to answer to someone, or some group (bank, spouse, heirs, etc).

If the units are individually metered, what utilities are the owners usually responsible for?

Hi, I was wondering if sending yellow letters was mostly used just for sfh and individual property owners.

If you use the 50 percent rule, which is probably about as accurate of a crystal ball as any other method (and will still not hit the mark on many individual years) then, of your gross rents you would have 1050/month to count toward your debt service (principal and interest) and the remaining toward your cash flow.So, I can't tell what percent of your PITI is T&I, but I would guess it is around 300/month.

And the caliber of individual you will deal with is so low you'll wish you never started.

Regarding individual fees, both companies get multiple quotes and get my approval before starting work.

If you have an individual seller, you can probably make it work.

This situation could be ideal for me.Has anyone had any luck finding lenders that will do this kind of loan?

Ideally you'd have a mix.