The market price of this property as of today, based on the long rental history (since 2011) is around $800K.My question is, will there be any impact on property tax assessment if I buy this property for $800K?

I have a bank here I use for that very thing...it is about 1% or so higher interest but i wouldn’t think that would impact you numbers muchAnybody that sells their loans back to the market will have this as a requirement, locally held loans the lenders can and do make exceptions

Although their purchases are usually lower, so yes, we should see an impact, but I think it will be more due to uncertainty and not actually being denied. 

As far as foreclosure - in my experience, most private lenders don't ever put themselves in a position where they'll have to foreclose to get their money back.

Hi @Jonathan Vandal,Cashflow positive rental properties help your debt to income ratio, they do not hurt it.

If this property were to be a positive cash flow I would greatly consider removing these tenants from the property.

@Tyler Resnick sounds like in your position it makes sense to do more rather then less when it comes to SOW sheets.

Because of what's going on here, we're having to work harder/smarter to create the strong buy/hold positions that we go after.

We picked up ours for 95 and currently rents for 800 so while we are positive we aren’t making a ton.

Also, what position is the seller in as far as need/want to sell?