And the authorization to speak fax hasn't gone through.

70,000 gross rents x .50 costs = 35,000 NOI If landlord pays water and other utility use 60% so 70,000 X .40 = 28,000 NOI 35,000 NOI / 500,000 purchase price = 7 cap rate 28,000 NOI / 500,000 purchase price = 6 cap rate With rent control also limiting future annual cash flow increases I would say that is also a negative.

You need to speak with a lender that does portfolio loans.

I ended up speaking with the mayor she informed me that after they started sending all linndale's speed trap victims to parma court (giving linndale a way lower % of the money) linndale's one building inspection employee quit so there was no longer longer a p.o.s.

That is to say, if you want to be a PM you can do that and earn the cash flow without actually owning properties.But a property where the rent just covers the PITI payment is cash flow negative.

In speaking with realtors I have been told I could list it for $185-195K (not that I would get this, of course).

Please never speak of zero interest loans again :) they cause imputed tax rates that, to some sellers, if brought up and suggested by you, can backfire on you from putting them in a financial loss down the road.

Hi Jordan,Speaking specifically to the 203K process...The 203K loan is actually two loans that get merged into one at the end of the renovation process.

If you're lucky enough to speak to Ken, you'll be ahead of the game. :)

I did something similar but the first 5 years it just makes $40 below my payments so it is heavy negative cash flow.