.$280K$56K downP&I: $1200.00$2700 Total Rents - 50% rule = $1350.00 - $1200P&I = $150We've also broken the 50% rule down further with what we believe to be more accurate numbers:TAXES: $279INSURANCE: $279 (This is estimate as I wait to hear back from ins. agent)VACANCY 10%: $270REPAIRS/CAP EXP: $162PROP MANAGEMENT 10%: $270 (We'd be managing but have this built in for the future in case we didn't want to manage)Total: $1260.00$1260 + $1200 P&I = $2460.00Total Rent: $2700-$2460 = $240 cash flow.CAP RATE 6%GRM 12CASH on CASH 5%We realize that this isn't a great performer overall.

I could keep typing for hours, there are so many different methods to being an investor that some people are able to make good money doing, but if you're looking to be a landlord, then a flipping boot camp is a total waste!

I do not know these people so I cannot ask them about it; so I am asking all of you if you know what the circumstances may be in which the city can force themselves into your home like this.It totally seems to be extortion to me.

If she is not active and not in the LLC they cannot attach tenant by the entireties property as both parties have total ownership, both parties have to owe the debt to attach property held in that fashion.

Sounds like there may be requirements for certain note holders for compliance even when they hire sub-servicers or servicers based on the total loans serviced, being over 500, I'd say that would be any independent servicer, like GreenTree.Looking forward to the future final rule, LOL :)

I guess I've completed about 45 total deals in the past 4 plus years.Since I wanted to make a contribution to BP community, I thought rather than have my first post be a fast intro I'd jump right into it, starting with one of the most favorite topics - Direct mail.It was just over a year ago when I began to realize that the short sale business was beginning to dry up (meaning it was less investor friendly and there were now many bidders for properties where before I had been the sole bidder).

Or maybe they lost their job.I would also respond in writing stating what has occurred and the total amount now past due (rent + late fee).

the total bill I think was 200, so at most it was 100 increase, dont really mind the money, but its the mother of the girl renting who is calling and I just dont want to get run over.

It's in the suburbs - two buildings (next to each other) with 4 rentals in total.Long-term tenants with total rent = $3050/month Asking Price: $272,000 (I can definitely get it down to $246,000)Taxes: $2300/yearLocation: The city is OK.

Ah, the jump cuts :) And oh - I forgot to tell you - I use to live in Windsor for a year, right after High School.