With a more optimistic 40% for expenses, you have some positive cash flow.At $900/month and with realistic expenses, you're $150 a month in the hole.

In the majority of the United States, if you buy at a big discount and do everything right, you might be able to have a positive cash flow of $100 per unit per month.

The only positives seem to be value-added bonus points to your tenants - saving them a trip to the laundromat.

There are tons of people that would love to dump their property on you right now with little or no equity position.

It is an innovative, positive program that will benefit teachers, the children they educate and the communities they serve."

I remember in a RE law class once that this is kind of the "default" position in many states.

Pay them an OVERRIDE on Business closed along w/a good salary on about a 50/50 split{read=no "comfort zone w/the salary, but enough not to Starve}.they'll MAKE things HAPPEN!

But if you're not a professional, here's how your rental loss could affect your income taxIf you actively manage the property and your adjusted gross income does not exceed $100,000, the rental loss (up to a maximum of $25,000) could be deducted from other income such as salary, interest, and dividends.

Most sales positions take a certain amount of acting ability.

this sounds like a position i'm in.... i may end up with a good spread.so..- what is a note buyer, where do i find one (is it a bank?)