If you had 10 properties that rented for 800/month, I think 20K would be sufficient, rather than 48K in reserves.

My guess is that the previous owner and coinmach agreed that there was in-sufficient laundry revenue to warrant a normal revenue split (65-35% owner/coinmach would be reasonable) resulting in the owner paying a lease.My advise?

We are now in a position to where we are finding more properties than we can handle, and are firming up our wholesale strategy and I had a question.When submitting an offer, would it be advised to continue to show the account with cash, or would a simple pre-qualification letter be sufficient?

Although I asked the clerks if the agreement I submitted was sufficient, I was told nothing.

Hi Charles if you sell for 420k with about 370k in the deal + carry & closing costs, you stand to make about 5-12k assuming you're not an agent your self/representing yourself and you dont give too  many seller concessions.If you refinance the home assuming it appraises sufficiently your monthly will be about 1800 + Tax/Insuance so if you rent it out for 2000 you'll probably have -150 to -200 negative cash flow not accounting for property mgmt, repairs, or etc.

If you have sufficient foreign earned income, then you may be able buy one of these invest properties.

Having sufficient cash will set your offer apart.

Desire to remodel is not a sufficient reason to end a tenancy in DC.

If you are interested in normal Buy & Hold rentals with minimum repairs the BP calculators should be sufficient. 

:\Rental income from the property you are buying may be sufficient to overcome the issue, however.