I've thought about buying some condos myself but I'm concerned that the HOA would eat my cash flow.

Originally posted by Account Closed:@Rich Schmidt Cozy. co might be ok as long it does not charge the tenant to use their service, and if it does the landlord should eat the fee. 

It would take other staffing and operating expenses that would eat a big chunk of that amount away. 

Chris, I had to search a bit, but found a local bank and credit union that will do 95%LTV and basically eat all the costs associated with originating the second loan...interest only (or $100/mo.) whichever is more...10-yr note...prime interest rate. 

I swear to God I could have told her that underwriting asked her for a cell phone selfie of her and her cat eating a carrot, and she would have uploaded it within 10 minutes, no questions asked about "why does underwriting need this?"

Older homes tend to eat cash flow.

It will be a place to eat, find entertainment, office space for work which will turn into employees looking for a place to rent.

How many people have gone ahead and bought a property that cash flowed negative/break-even when analyzed using 50% rule under FHA terms (upfront & monthly PMI charges eat up a big chunk of expenses)? 

The idea was we can't eat our mortgage should things go south.  

Plus, good cash flowing turnkey props aren't often to be found in those markets precisely because of the high values - the PITI eats up the returns.On rare occasion, of course, even a good TK provider may need to charge a sales price that's a tad over the appraised value, but not by $20k.