According to the complaint, the employees’ discretion “was exercised in a manner that discriminated against non-­Asian borrowers.”In the complaint, the DOJ asserted various theories for its claim that the seller financier had discriminated against borrowers on the basis of race or national origin, violating the Equal Credit Opportunity Act (ECOA).

Bargain outlet was about 6500 (for equal quality)!!!

Perfectly round, circumference divided by the diameter at every point equals pi.

You could also look at the 70% rule which says that all the expenses of the property including debt service shouldn't equal over 70% of the gross rental amount.$4160 gross rent x 70% = $2912 maximum expenses including debt serviceHope this helps....

Total payments made actually equal the purchase price)* The amount paid in rental payments is an excessively large proportion of the total sum required to secure transfer of title to the property.* The taxpayer can acquire title to the property under a purchase option price that is nominal in relation to the value of the property at the time the option may be exercised.* Some portion of the rental payments is specifically designated or readily recognized as interest.* The sum of the rental payments and purchase option approximates the original purchase price plus interest and carrying charges.* The lease requires the lessee/buyer to make substantial improvements to the property.Keep in mind that no single factor is determinative, and that additional factors not listed above may also influence the result.You should also keep in mind too, that it will not be the IRS who determines whether your contract falls under the scope of Dodd Frank- it will be some local judge when your PO'd tenant buyer and his attorney take you to court and sue you for the past three years payments because you didn't "take under consideration the borrowers ability to repay."

I'm thinking of purchasing the property, finding another equal credit tenant as BK or better to lease the building at a slightly higher rate (about 15% under market right now), then having BK pay the fee and ultimately selling the property.It's a great area with solid demos and many other national on the same block, no clue why they couldn't survive.Thanks

Monthly lease payments made to equal that of the interest only loan above.I realize there are many factors not mentioned, but in regards to legality, would using structure #2 change things?

If we were to take a loss then the loss would be paid off or taken but both of on an equal dollar for dollar basis. 

All things being equal (which they never are!)

at $308Vacancy (NYC) is 3% of gross monthly rents at $132Maintenance is 3% gross monthly rents at $132PITI comes to: $3397Monthly Expenses added up equal $572Total monthly expenses come to $3969.If i take the monthly gross rents at $4400 - $3969 total monthly expenses, I am getting $431 in monthly cash flow.Ill be honest, I am little concerned that I am leaving something out or not calculating something correctly.