I could have asked my CPA in the morning, but he’s probably sleeping right now and the question popped into my head as I was reading blogs on BP.

Also factor in the location/condition of the property.

Are you available tomorrow morning anytime after 10 am? 

Private lenders, Hard Money Lenders, a "subject to", an Lease Option, or a Private Lender don't usually care how you do the ownership. but most of those require some cash in the deal or "sweat equity" as a safety factor for them. 

They are in a market where you have a very limited amount sellers you have to be able to compute multiple factors per transaction and you have to spend money on marketing. 

It isn’t near profitable when factoring in the mortgage and taxes and such.

If you guys are looking to rent it out then you would need to run a pro forma factoring in all of the operational expenses associated with the property against the rental income ( amortization, economic vacancy factor, insurance, property tax, reserves for capital expenditures and repairs, etc.) and see if it is actually a profitable cash flowing investment.

These are two main factors in growing the economy.

I agree that BP was a huge factor in my ability to do this as well!

Good Morning and Happy Saturday-I checked out a foreclosure yesterday that was in surprisingly good condition.