Spoke to our lawyer, posted the necessary documents to confirm it was abandoned property and went on to have it cleaned and a Section 8 tenant moved in.My question is, I hear everyone talk about cash for keys, cash for keys, cash for keys.

NOI is simply your profit and loss statement which doesn’t include reserves since reserves aren’t an actual expense.

Even when you stumble across the limited exceptions, you should always have sufficient reserves in place before purchasing real estate.

It's directly manipulated by the Federal Reserve via quantitative easing, yield curve control, and short term manipulation of Fed Funds rate.Over the next 40 years, there will be a Minske Moment when people realize that (without reserve currency status, and the ability to counterfeit our own currency ad infinitum) the U.S Treasury is an objectively insolvent entity.

I will have easily over 6 months of PITI and interest payment reserves.

I was contacted by Mike Grimes, whom confirmed they are a broker. 

For example incase iIf you identify an asset in the market that already has a realtor representation on both the buyer and seller side, do you reserve the right to proceed with the deal independently, or do you have to bring in your realtor? 

I confirmed that his parents had no debt on the property. 

If you had the down payment, have you done the math for the expected rent, PITI and reserves to see if it would even be a viable investment strategy? 

[Source: Federal Reserve Bank of St.