Patrick Wheeler The other reason for not getting an inspection was that there were no utilities, because of high, late account balances.

Tell that low-baller to just stop and go get a full time job until a more balanced market returns someday.  

The balance of population to new homes has a lot to do with prices.I think I did a post where I discussed the weather had been bad for lot development for about 6 month a year or so ago. 

Furthermore,BiggerPockets is not responsible for any human or mechanical errors or omissions.Financial ProjectionsTotal Initial Equity:$116,000.00Gross Rent Multiplier:9.30Income-Expense Ratio (2% Rule):0.86%ARV based on Cap Rate:-50% Rule Cash Flow EstimatesTotal Monthly Income:$4,300.00x50% for Expenses:$2,150.00Monthly Payment/Interest Payment:$2,061.40Total Monthly Cashflow using 50% Rule:$88.606 Flat in Burbank, IL (copy)6148 W.79th st, Burbank, IL, Burbank, ILLINOIS` 60459Monthly Income:Monthly Expenses:Monthly Cash Flow:Pro Forma Cap Rate:$4,550.00$4,246.42$303.585.95%NOITotal Cash NeededCash on Cash ROIPurchase Cap Rate$27,349.00$98,000.003.72%5.95%Property InformationMLS Number: 09262104Purchase Price:$460,000.00Purchase Closing Costs:$5,000.00Estimated Repair Costs:$1,000.00Total Cost of Project:$466,000.00After Repair Value$460,000.00Down Payment:$92,000.00Loan Amount:$368,000.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:5.000%Monthly P&I:$1,975.50Rent$4,350.00Other$200.00Total$4,550.00ExpensesVacancy$227.50 (5%)Repairs$227.50 (5%)CapEx$227.50 (5%)Electricity$50.00 (1%)Water & Sewer$150.00 (3%)Garbage$170.00 (4%)Insurance$250.00 (5%)P&I$1,975.50 (43%)Property Taxes$938.42 (21%)Misc$30.00 (1%)Total$4,246.42 (93%Financial ProjectionsTotal Initial Equity:$92,000.00Gross Rent Multiplier:8.42Income-Expense Ratio (2% Rule):0.98%ARV based on Cap Rate:-50% Rule Cash Flow EstimatesTotal Monthly Income:$4,550.00x50% for Expenses:$2,275.00Monthly Payment/Interest Payment:$1,975.50Total Monthly Cashflow using 50% Rule:$299.507914 W.82nd ave,Justice ,IL 60458, Justice, ILLINOIS 60458MLS number: 08246034.6 Flat with 1/4 bedroom Basement Apt or Studio Purchase Price: $480,000.00 Purchase Closing Costs: $5,000.00 Estimated Repairs: $15,000.00 Total Project Cost: $500,000.00 After Repair Value: $500,000.00 Down Payment: $96,000.00 Loan Amount: $384,000.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $2,061.40 Total Cash Needed By Borrower: $116,000.00 Monthly Income: $4,300.00 Monthly Expenses: $4,961.40 Monthly Cashflow: -$661.40 Pro Forma Cap Rate: 3.36% NOI: $16,800.00 Total Cash Needed: $116,000.00 Cash on Cash ROI: -6.84% Purchase Cap Rate: 3.50% Expenses Income 50% Rule Total operating expenses: $2,900.00 Mortgage expenses: $2,061.40 Vacancy: $215.00 Repairs: $215.00 CapEx: $430.00 Electricity: $40.00 Water & Sewer: $215.00 Garbage: $107.00 HOA: $267.00 Insurance: $170.00 P&I: $2,061.40 Property Taxes: $1,152.00 Misc: $89.00 Analysis Over Time Hide Assumptions 0%/year Expense Increase 0%/year Income Increase 0%/year Property Value Increase Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 $51,600.00 Total Annual Expenses Operating Expenses Mortgage Payment $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $59,536.74 $34,800.00 $24,736.74 $34,800.00 $34,800.00 — Total Annual Cashflow -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 -$7,936.74 $16,800.00 Cash on Cash ROI -6.84% -6.84% -6.84% -6.84% -6.84% -6.84% 14.48% Property Value $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 Equity $121,665.40 $127,620.66 $133,880.60 $140,460.80 $187,646.47 $305,648.89 $500,000.00 Loan Balance $378,334.60 $372,379.34 $366,119.40 $359,539.20 $312,353.53 $194,351.11 — Total Profit if Sold -$2,271.34 -$4,252.82 -$5,929.62 -$7,286.16 -$7,720.93 $30,914.09 $170,634.53 Annualized Total Return -1.96% -1.85% -1.73% -1.61% -0.69% 1.19% 3.06% Monthly Income: Monthly Expenses: Monthly Cash Flow: Pro Forma Cap Rate: $4,300.00 $4,961.40 -$661.40 3.36% NOI Total Cash Needed Cash on Cash ROI Purchase Cap Rate $16,800.00 $116,000.00 -6.84% 3.50% Property Information MLS Number: 08246034 Purchase Price: $480,000.00 Purchase Closing Costs: $5,000.00 Estimated Repair Costs: $15,000.00 Total Cost of Project: $500,000.00 After Repair Value $500,000.00 Property Description 6 Flat with 1/4 bedroom Basement Apt or Studio Down Payment: $96,000.00 Loan Amount: $384,000.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $2,061.40 Income Rent $4,100.00 Other $200.00 Total $4,300.00 Expenses Vacancy $215.00 (5%) Repairs $215.00 (5%) CapEx $430.00 (10%) Electricity $40.00 (1%) Water & Sewer $215.00 (5%) Garbage $107.00 (2%) HOA $267.00 (6%) Insurance $170.00 (4%) P&I $2,061.40 (48%) Property Taxes $1,152.00 (27%) Misc $89.00 (2%) Total $4,961.40 (115%) Buy & Hold Analysis - 03/02/17 01:58:53 PM Page 1 of 3 Calculations based on a 31-day month.

I had read online about someone's load being accelerated from one of these audits but my loan agrees not to ask for the entire balance at any point.

She's losing $228k in balance sheet capital at her little bank by waking me up and bothering me.  

In the balance of my units I use a Oak colored snap together flooring. 

Both have fees based on your balance, transfers, etc,.Did you know most lenders only offer unsecured loans to that account.  

It seems totally ridiculous someone writing a piece of paper, balancing a check book, and someone else scanning this piece of paper to perform a simple money transfer, in the year 2017, 30+ years after the advent of the internet!

I could seriously consider transitioning my life towards something more entrepreneurial like this down the line but only when I feel super confident in my ability to parse it, live the language, and strike a balance with my wife as a team in the process.