I'm planning on watching it as soon as I finish watching the new train wreck on HGTV called "Natural Born Sellers" with the fake blondes and crazy bloated mom who acts like a total idiot.

Nowadays that's a totally normal day.

Mixed in that number and hard to separate out are the re-defaults from both forbearance and modification that simply can't make it work.Now bare in mind, the total number of foreclosures has been forecasted to be around 15 Million.

But about five months total over that time span.

The inventory is totally dried up.

This seller can't afford this house, and the rent being offered probably wouldn't cover the total amount of those known monthly expenses.

Steven Hamilton II, I really didn't doubt the tax issues as you pointed out, but the ownership and actions required by the entity in title, totally unrelated to tax issues.

Figure out the average monthly rent for that unit, take out 35-40% in expenses, then subtract out debt and that's your cash flow.Then calculate the total cash flow annually for that property and plug in your downpay cash in and initial rehab done if any and you will get your cash on cash roi. 

8- 2/1 units around 650SF each. 4 Up/4Down 5600 SF total Brick veneer 3 sides, stucco front.

Welcome to BP, Eric....Your real estate broker may want one check for the total EMD as it will make their audit easier for compliance.