If you don't get your deposit or a detailed accounting, you should get a tenant advocate or a lawyer, and file against the owner.

I have mentioned this deal before: Neighbor needs cash flow, her home is paid for but a reverse mortgage for her small home doesn't give her enough income nor is it worth while with all of the expenses related to doing it conventionally.

Worry about the details once you get the contract.

It's all online.I don't know the details, but I do know that it is not that simple.

Then when you meet face to face, get more details.

Apparently, your business proposal does not go into sufficient detail about what start-up costs are, where the money for start-up is coming from, what operating costs are going to be, and where the money is coming from.You are not presenting a financial team of management that is going to make the business succeed (because with your lousy credit and lack of money, I am not going to trust you to do it).That's just a start of why I wouldn't give you any money.

Yes, history will repeat itself, but the devel is in the details.

.* I've created a spreadsheet to help me evaluate whether or not a deal is worthwhile.* I'm developing my email database to act as a buyer's list/notifier.Is there anything I'm missing?

Or, solving for debt service will give you an idea (albeit subject to the details of your financing arrangements) of how much you can spend to acquire the property given the average/acceptable rents in a particular area.I like bar room napkin math and this looks like a quick and dirty way to determine whether I should spend more time considering a particular property or not.Please let me know if my conclusions are flawed.Thanks again,

To all,The following is a bit long as the details may impact the situation.