You can get letters from creditors stating that the lates/derogatory is inaccurate - some credit card companies or utility companies may produce what you need to remove their lates that report, but I have never seen a lender give you a deletion letter for a shortsale or foreclosure.

I am looking at a 4 unit multifamily property that could has 8.5% cap rate and produce 12% cash on cash return.

The folks that are buying while lacking in those areas succeed in spite of those shortcomings and are the exception.Something I've been thinking about a lot lately is the concept of "Real" Net Worth - Net Worth that directly contributes towards financial freedom by producing cash flow or that is accessible easily like cash or cash equivalents. 

That can produce an outcome other than the one you are hoping for.

I screen the tenants hard and look for people that I feel will be the least trouble and take care of the property the best.

Ethically speaking, however, in many situations- a real estate agent could get themselves in legal trouble if they're not looking out for the best interest of their client. 

Something like...Wait, so it would be my JOB to solve math puzzles and work the rules/loopholes to help the folks I'm working with, and as long as the math is real and the loopholes legit, I can't get in trouble for it?!

Hi All,The situation is this, I have done some digging already and found that the note debtor that I'm in contact with has more assets than they are disclosing when asked to produce profit and loss, w2, tax filing etc.  

Either that, or walk and get a bigger property where it's worth going to all this trouble. 

if buying on lease option that needs repairs, i would get on title w a tic or land contract or a wrap, then dump 40 k into itJust a lease is asking for trouble@Steve Vaughan@Bill Gulley