I have came across this several times recently. 

A question with a similar situation was asked in a recent training. 

Because of that, whenever I am analyzing something recently, my first instinct is: if it works on the  numbers side, move quickly and be prepared to find something out later that may nuke the deal. 

Ok, Ive received a call from someone whom is interested in selling his house, he recently bought it in Dec for 65K, according to him he only owes 55K and wants an extra 10K for the amnt he put into the home.

Ok, Ive received a call from someone whom is interested in selling his house, he recently bought it in Dec for 65K, according to him he only owes 55K and wants an extra 10K for the amnt he put into the home.

There was a recent thread "Do People Ever Learn (Memphis Market Observation)" that was mostly about what appeared to the OP to be poor purchase decisions in Memphis. 

Apologies in advance for my absolute ignorance with this stuff.1) We plan to purchase all cash in our names then transfer the property into an LLC that we haven't created yet, less for liability and more for tax purposes (our accountant vaguely suggested we should start an LLC that does really anything so that we are able to write off more home office, travel and equipment expenses that we can no longer do since recent tax changes).

Even better, I recently and finally felt what it's like - on the receiving side - of authentic "give before you get." 

We recently applied and was denied because he’s credit score is 617.

Hello Everyone,I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.In June, I bought my first property as my primary residence in Beverly MA, a few weeks after I bought my unit, I got a job opportunity to as a tennis coach, close to the area and in the job they included free housing. so I don't have to pay anything for rent, so I decided to rent my unit, but I am renting it in $1800 a month, but all my expenses are $1910, so that means that I am $110 Negative cash flow a month.