That's basically another 8% a year in overhead.

I think you are basically proving my point.

That seems about as basic as you can get.Really, a debate is not a good indicator of the ability to govern.

I need to partner up with someone that has knowledge on the basics of creating the opportunities for a wholesale flip (New Jersey / Hudson CO.).

I am skeptical but interested in what he had to say so I was wondering if he is just a person trying to sell his get-rich-quick program or do concepts like that actually work in practice?

Basically, as long as the lease is signed before the sale, it is protected by this Act.

---NOI is overstated because you are not accounting for expenses from the basics (paint, cleaning, etc.) to the expensive (roof, hvac, electrical, etc.).

The VA is basically a guarantor, much like insurance, to the lender.

If not, we stick to the basics.

Your best best is to get a copy of the lease (which should be a basic step in due diligence) and contact an attorney who specializes in tenant evictions in the area that the property is located so that he can review and advise you on the lease.