It appears you're using a PM, so I think your NOI estimate is high by about $110 a month.

Servicing appears to be an issue as well for those servicing fewer than 5,000 accounts, any real estate mortgage, so, HMLs take notice!

It appears they are putting you in a commercial loan.

That's always a plus in this area.The property does not appear to be a true estate sale as I see no evidence that the wife is deceased.

Joe, the way you are asking these questions, it appears to me that you believe the house would be owned by the broker.

Again, the actual total time will be part of the determination, but your numbers do look great.If you do place 10% down on the dirt and get a non refundable, and released EMD of 10% from end buyer based on $315k exit, I don't see a problem.In fact, I could even be interested in such a deal.Additional question, if this home will be worth $350k, it appears you are giving up $35k in spread to these buyers.

If cash flow is your main driver this does not appear to be it.

I have actually considered creating an LLC under a different name to make it appear an outside management company is sending the letters.

It's easy to make bad decisions when activity slows down.What's surprising to me right now though is how fast LISTING prices on typical homes appear to be rising.

Those loans may not appear on your personal credit report but you will still need to reveal them when applying for a new loan in order to avoid submitting a fraudulent application.You can transfer ownership of your own house to an LLC.