Usually when you're performing rehab equal to 25% of the purchase price, as you would be in this case, you are forcing a lot of equity into a property, so that gives you some options to work with.

Even if the borrower takes the full 6 months, that equals 27.14%.

This makes the "asking price" equal to 120 months of rent vs. 100 months which is the number the 1% rule is based upon.

The after tax deduction effective rate might be the cheapest money you can borrow.If you do your first purchase effectively you might end up with cash flow equal to your loan payment.

I lived with someone from China and their cooking smelled equally vile, but didn't damage the place.

The rent doesn't even equal one percent.The only other thing to look at is can you change the value of property such as rezoning or creating a multi-family.

I have a firm belief that when people make a practice of not being truthful in business they will eventually feel the effects.

For investors, the interest in new homes reflects their belief that the rental market will continue to see strong demand and rising rents.

According to the complaint, the employees’ discretion “was exercised in a manner that discriminated against non-­Asian borrowers.”In the complaint, the DOJ asserted various theories for its claim that the seller financier had discriminated against borrowers on the basis of race or national origin, violating the Equal Credit Opportunity Act (ECOA).

Bargain outlet was about 6500 (for equal quality)!!!