If they don't pay I can throw them out (eventually), right?

If so, throw in another 10-16% for your expenses.As a general rule of thumb, many investors assume that total expenses (including PM and vacancy) will account for about 45-50% of income over a long period of time.So, if your GOI is $1274, your NOI is somewhere between $570 and 640.

Just thought I would throw that out there.

Buy a lot of little rental properties that throw off a couple hundred in cash-flow every month to spread my risk out, and then use the income off of those properties to leverage into more/larger properties.

So neither of us have any income to secure the loan...would a bank even attempt to loan to us?

That way, its three totally separate transactions, but you have at least a little security for the money while he has it.

Hope this is not the MLM program the the marketeers are attempting to throw around here on BP lately.

I'll admit I thought I was going to throw up on the 1st person who answered the door....Thank god no one answered the door for like the first 2 weeks.................thats how long it took me to realize knocking on doors in the middle of the day was dumb!

How do i secure a million dollar investment?

If I have an agreed price with the bank and say I need to throw a large repair credit in there after, should I just revise the hud with a credit back or will the bank at some point ask me to get a new purchase and sale for a lower price?