This investor doesn’t put a large emphasis on the future appreciation of the property, and will never invest in a property that does not produce positive cash flow (money left after all expenses and debt have been paid).

The company seems to be actively innovating and the platform is easy to use.

The fact that the property will be producing income would aid in my debt-to-income ratio right?

Just ask your buyer what the highest percentage is before not considering a property a deal.3) Take the reduced answer, subtract your rehab approximation.4) Subtract your expected wholesaling fee.5) Subtract 3% for closing costs.The answer ordinarily would be your maximum allowable offering to the seller, but because an agent is involved (and need to be compensated, along with your fee, in addition to closing costs)...you will need to negotiate well to produce something that can be called a deal if the current ‘Sold’ comps are not tens of thousands above your closing price.The more ‘tens of thousands’ above the total closing costs the better for a deal. 6) Because your agent will be using a standard contract, you will be asked about a closing date....you can just ask your buyer how fast a closing can occur if needed (before speaking with the agent to complete the purchase agreement.)7) You will be asked how much of a down payment you want to offer in the agreement.

If they fail to produce the stubs or provide proof they meet the qualifications, I'll (my attorney) will show that evidence to the eviction court and then we will pass the evidence on, in this case to the FBI, for consideration of investigation.I'll let the tenant know what we are preparing to do, but if they are out of the property in 48 hours we will not refer it on.

I am interested to know if the $3000 deduction is allowed on Schedule E assuming I can produce bank records to meet IRS Interest Tracing Rules.

Thankfully, technology and innovation helped the industry power forward, and business gradually ramped back up as shelter-in-place orders were lifted.

Income producing property with 1K Net income a month Lessons learned?

Thanks again for all the replies.I went back through the contract and riders that have been produced thus far, and after speaking again with my attorney, it seems to be a case of the sellers attorney stating that they wont renegotiate based on the appraisal and we have to move forward with the sale despite the appraisal, and even if our mortgage is withdrawn because of the appraisal.

Do they already have other properties producing rental cash flows?