The buyer had totally trashed the property and it was routinely loosing LOTS of money. 

If your total income(wife and yours) is below $150,000 you should be able to offset some of your income from the rental loss.What is your goals with real estate(cash flow, appreciation, etc) If your goal is cash-flow - you may want to look into selling the property and acquiring others that would cash flow.Let me know if you have any other questions.

Taxes at $6017 and owner states operating expenses at $13,470 and total expenses @ $19,487 with net operating income at $72,253. 

The loan covers 80% of the purchase price and 100% of the rehab cost as long as the total does not exceed 80% of the appraised value.   

Hello everybody, I'm a total newbieI have done some research but I can't find the answers to my questions about FHA loan, hopefully somebody on BP could help me. 1 - I'm a student, about to graduate in March 2018, with over 1 year of internship, can I still apply for FHA loan as a student after my graduation?

He has 15 total financed properties currently which is the main reason he's not able to go conforming.

I normally do interest only payments for 18 months with an option to extend (for a fee) another 6 months if needed for a total of 24.

Straight refinishing depends on total SF as well but they price on the SF.If there are pieces that need patching/fixing then you are better getting someone to quote everything. 

I am thinking once it hits the bad guys account they have within 30 seconds moved it off shore.this all started when title companies would not take personal checks.. because lenders and such could not get there docs there until last second.. so no time to clear a check.So then the title co  required cashiers checks.. well that went along for a while until the bad guys figured out how to forge cashiers checks.. it was really bad in Florida for instance.So then it went to wires were we are today.. and now with everyone relying on E mail. and the ability of hackers.. once the bad guys realized how much money flowed and how many to most of the folks doing this were newer it was like katy bar the door.our process since we wire every day.. is two fold request from closer and at this point we might be on deal 30 with the closer and have their coordinates.. any e mail that changes their wire.. the big one is Hey we just moved banks here is our new wire info.. that is HUGE red flag and we go into telephonic mode.. most of the closers I use I have used for many years so I know there voices.. 

I want to know how the ‘Total profit if sold’ fields are calculated.