Good area with growing population.I'm assuming 10% vacancy rate, 6% property management.

Since I just started with my investment property or soon, my lease will actual be renewed next month, which I assume is too late due to the fact that it may take 2 months for closing.When I got in the investment business, I decided to late and I knew of my situation, so I wanted to put 2 tenants in a multi family and I rent until my lease if fully up, I mean with the property I am looking at will ofcourse provide me some type of cashflow - the house pays for itself and I get the cashflow from the rental income.

Good area with growing population.I'm assuming 10% vacancy rate, 6% property management.

Since this a rehab project will assume that the area comps you mentioned are relecting the ARV.Since this is an ARV loan, we need to know if the $85k covers the purchase or both purchase + fix up.

I would just assume a very large sum of money for 20 plots of land in the Seattle area + having to build and paying the monthly bills associated with the loan.

And you can see what's happening in that market nowBack in the day when lots of VA and FHA fully assumable loans were available on 5-10 year old loans I used to do lots of this, some successfully, some not so much.

I am assuming he will only get paid for what is owed on the property, and then if you wholesale it, even to make money, who is going to buy for that price?

Example: 300k down gets you about $400/ month assuming 50% of rent is calculated for expenses.

ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

To Robert's comment about being able to recover negative rents on a tax return, I assume this only applies if you don't earn over 150k AGI and you're screwed otherwise?