If they rent for $500 a unit, total scheduled rent for a year is $6000/unit or $240,000 for the whole year

On here...I posted the pic after a few people starting posted theirs and Josh encouraged it (name to the face...not totally anonymous...kinda thing).

and has done quite well for himself, Im hopping to get some good advice from someone thats not trying to make a buck or stear me wrong, hope to find a good RE Attorney in my area thru him.Im working on the same "list " of things to do and set up and this is my first post allso, I have spent the better part of 24hr. total of reading time on this site, and i cant tell you how much i have learned so far by just reading so may post , its endless and its great!

We've lowered the total asking amount per bank, seeking loans on about 5 properties at a time (willing to go with more though if the bank is fine with it).

Here are todays numbers...Our users have posted a total of 63690 articles, 472 of them in the last 24 hours.

You can be a total jerk, but if you're offering property at $.50 on the dollar, people will buy.

.), or does the 50% rule mean that in addition to your PITI you'll have other expenses that total approximately 50% of your planned rent?

If I sell I have to pay a total of 1.5% to the town and state.

Skip, I find what you're trying to do totally awesome!

My total out of pocket at closing including 10% down, closing cost, taxes, insurance... was $6333.91 at 7.18% interest rate.