Few people have the ability to participate.

I had been paying the previous property manager for lawn services but had not received a bill from the current one and I realized why.

If I had the ability to predict one year out, I'd be so rich now.

If you did not have that financial ability to perform, getting involved with an on going foreclosure should not be undertaken by anyone who does not hold proper licenses or extreme RE experience.There is no up side as to the purchase price.

Having a "do and learn" attitude, combined with the handyman abilities of a new born infant, I have had many frustrating and just straight embarrassing moments:1) I didn't realize I needed to put my utilities in my name before closing, so I show up to my property with the Duke Energy guy a few days (and a few celebratory drinks) after closing to get them turned on.

I agree with Jon to a point, the reason you have reserves is to cover unexpected expenses and having 6 months PITI means you'll generally have the payment covered, the regular rent may cover more such as a minor repair and clean ups for that vacancy.Having additional properties and holding funds for all isn't really necessary as a slush or escrow fund as the chances of having extended vacancies or expenses in all your properties at the same time is pretty slim.You should have the deductible for your hazard policy as well, if you have an insured loss you'll need.You also need to consider your ability to access other funds, not just from you fund but total assets and the ability to borrow quickly.Jon's method is pretty safe, but as you add more properties you can fine tune funds held in reserve taking into consideration your abilities to cover a disaster. :)

Regulation Z currently prohibits a creditor from making a higher-priced mortgage loan without regard to the consumer’s ability to repay the loan.

Show your commercial lender the operating agreement where the BD interest is purchased after settlement and I doubt they will consider such a small interest held for an hour after settlement.The interest purchased doesn't have to be a % of the price either, it could be a flat rate.I'd also check on their abilities too. :)

Who has the ability to contract with you?

did you work under him to get the ability to do your own work?