I started a non-profit community-development corporation which does affordable housing (new construction and rehab) in Chicgao.

lot going on in this post.first, no way will you get a 5.5% on a non occupied investment property.(2) you *may* end up with positive net income on the property without having the mortgage writeoff - this means a visit from the tax man. as an investor, the "write offs" or tax deductions you will receive, if your business entity is structured correctly and your CPA knows what he/she is doing and you keep tabs on it, will far exceed any write offs you will earn anywhere else...look at it this way...IF...you HELOC...taking 100k out of your property...now you've got 100k to invest in an reo or other distressed property - CASH...real estate is about leverage...but with the CASH purchase, it frees you up to do many different things down the road...IF...you "buy right" (below market value > 30%) - combined with the CASH purchase, you'll create a return on your investment that is EXCELLENT.if you took an arbitrary 100k (from anywhere, say it grew on a tree) and you stuck it in a savings account earning 5% (which is a lot for a savings account)...compare that to the 20% return you'll get off the monthly cash flow from a good rental...not to mention depreciation..and future leverage options available to you through this investment...the returns just compound.now this all deserves a qualifier...we don't know the specifics of your current home, your finances, what you owe on it currently, other debts etc.all that must be taken into account.

I used The Company Corporation.

Am I understanding correctly that this is at least the desirable minimum GPM...

I see two plausible possibilities (I'm sure there are others) where one might be able to be technically correct about this being from a heart attack, but still deceptive at the same time: (1) he had a heart attack because of the massive hemorrhage.

Is anyone familiar with GINN Corporation?

Correction on IRS redemption time frame - the IRS has 120 days to redeem after the foreclosure sale.

Today I am a funding agent for a commercial financing corporation.

Most realtor's don't include everything when they do the NOI so watch out.) lets say the NOI is $20,000 then you divide that amount by what you will put into the unit. say the unit cost $250,000 and you put $30,000 down so now you owe $220,000. example would be $20,000/$220,000=.09 or 9% caprate. someone please correct me if I'm wrong.

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