You will have no equitable interest in the property based on the Master lease, so I would suggest also having an Option contract in place to secure your right to purchase the properties.

Tap into our home equity for more of a jump start?

Also, pretty much throw out the sellers numbers and do your own based on market conditions.

Little bit of a learning curve because you can customize reports and analysis based on your own equations but once its setup, its very effective and works great.James Storey, CCIM 

They are investor-friendly mortgages that qualify a deal based on the rental income and do not look at your DTI in any capacity. 

Thinking $150-300k properties based on what I've seen so far. 

Based off comparisons in the neighborhood, the house should be worth anywhere between $175,000 and $215,000.

Class C I bought because I was looking at gentrification patterns near downtown and hoping those areas would go up in value over time and tenant base would become higher income - rolled the dice and not doing well so far, from talking to other investors. 

ALL Foreclosure MUST be posted in the county legal newspaper for a certain number of days based on the State. 

@Karthik Jayaraman Based on your math, it looks like you're losing $915 each month, which can be a significant amount for many.