You can assume this project for as little as $1,650,000.00.

Assume it is well written so it could be found to be valid.

Using assumed rental rates (more on that later), the first couple homes I'm looking at are negative cash flow before taxes, but positive cash flow after taxes.

Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow?

Then once you have the house purchased, assuming that the house has some equity in it (I assume it does since you are looking to buy it) then you can go back after the closing and do a HELOC for the rehab money (these can be done with as little as one day on title and use the appraised value and done very cheap.)As for the commercial loan angle, I personally don't see the need to do so.

( reading your first post, i would assume so ) but if you can offer any tips or suggestions I would greatly appreciate that.

This is disturbing in a few ways, primarily because people assume that these people are educated in all aspects of real estate and take their word to heart.

The biggest problem here is for realtors (and I assume you are not one).

Assume that he can be wrong as often as the other party.

Assuming you are a good tenant risk of course!