Buy VERY LOW and insist on positive cash flow.

If you thought the listing agent did a great job then positive feedback is also a good idea.Originally posted by "ragingfool":Hi all,Just curious here.

Hey all,Im from Montreal, Canada so your local market might or might not reflect the reality i see here, but ive been noticing a trend while searching for rental property: it looks like the further away u get from a large city (up to a certain distance) the more positive cash flowing opportunities there are!

In effect the LLC can easily die and the lender has little to show for its position if the property is not enough to protect the lender.So, why would you expect a lender not to see the LLC as a higher risk?

If the rent will cover your mortgage, just hang on to it and get a positive cash flow each month.Another idea...

I now understand the meaning of paying several thousand dollars for a loan and associated fees vs. trying to save that capital and being in a position not favorable when considering the IRS.

And how much is the minimum amount of positive cashflow you use as a standard to determine whether it's worth it to you?

They do not care if the deal turns out to be cash flow positive or negative.

You need to be able to do your own title search to ensure you know the liens outstanding and the position of the foreclosing DOT.

And simply explain to him that he's in a very unprotected position if this fiasco continues.