Any tax advantages become a bonus and even if your just getting $20-30 a month extra it will pay for the occasional leaky faucet or other minor repair.

Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow?

THE ONLY WAY TO GE AROUND THAT IS BY FIXING THE REPAIRS THAT NEED TO BE DONE.

Where do you live were you can buy a house for 80k aound my area 2 family in need af repair stats at around 300k

Institutional lending is far too restrictive and time consuming, thus my need for an investment partner(s).Here is a description of my immediate need:Area: Aurora, IllinoisSales price: $125,000After repair value: $160-175,000 (CMA's from local agents)Repairs 90-95% completed by sellerClose: Tuesday, August 15 (one week from today)I have been working with an institutional lender on this but am running into "chain of title issues" because it was bought as a foreclosure by the current seller recently.

:D all sub2 inspection and any repair credits if foreclosure.

I do fix most of the minor leaks and repairs on my own.Is the 16% on maintenance in the proforma un/reasonable?

Our customer service representatives, will work with you through out the application process, approval, building your credit rating, and resources to help you repair your primary credit file (social security).

.), there is a water leak in the yard, the ceiling in the bathroom collapsed from a storm (the insurance company half-assed the repair), now the roof is still leaking and there is water damage on most of the ceilings.

Repairs