But you might have to pay double the month in Astoria. you might argue with appreciation in Queens is more than jersey.

i offered 40% less then asking price, arguing the comps and condition bla bla.  

My title agent says its not apply I believe it can be argued that you are charged a consulting fee you.

However, if you are a single member LLC, then there are no partners to argue with for operations and dissolution, so I'd honestly say that the operating agreement essentially allows you to conduct business for the LLC and open a bank account and that's about it because you aren't really accountable to anybody else.  

If a room full of investors say ABC you need to go do XYZ. 

I would argue you should add the rent you're not paying into the cash flow.  

If the occupant is in jail it could be argued that he had no way of removing the possessions & might not have received notice of you taking possession of the property.

Long term cash flow and appreciation, time will tell, but I'd argue that a low CAP rate is likely your friend here too, so long as you can maintain positive cash flow and forced appreciation equity position in the short term to make sure you make it to the long term.

Originally posted by @Charlie Fitzgerald:You will have a tough time finding a bank to give you 80% with a seller carry 20% and no money from you...I certainly won't argue that point as I have no experience with it, but i have heard people speak about it on podcasts so I  assumed it was possible.

Federal tax depreciation is 5 years, so that would be the minimum life span you could logically argue.