That could include being too scared to take the first step, not properly checking out prospective tenants, not asking someone (mortgage broker, contractor etc) for what you want.Anyone with a decent brain and good common sense can read the forums here, follow through and make some great money,,most won't because they are either too afraid to actually make a commitment, or not willing to do the things to put them in  position to make the first step (such as saving for a down payment on first rental)andy

I also do tenant rep for office/retail, over see some property management, do non appraisal valuation (BPO etc for banks), and provide related services.Over the past few years I've mainly been focusing on distressed markets commonly taking over management from receivers and selling properties to resolve them.    

An under capitalized borrower, one where the simple payment of $604.40 is what is actually sold to the Vendee/Buyer (common method of sale), may not be able to come up with the required money to capitalize the repair.  

It had the assessment at $647 a month which includes Gas, Includes Common Insurance, Includes Doorman, Includes TV/Cable, Includes Exterior Maintenance, Includes Lawn Care, Includes Scavenger, Includes Snow Removalhttp://www.redfin.com/IL/Chicago/3950-N-Lake-Shore...So, if you get it at auction at that price your expenses would bePayment $491Assm $647Tax $142$1280 monthly paymentI know the area well, I used to live at 3420 N LSD - for an 11x10 bedroom I would expect you to get $700 ish for rent.Also, with condos you have a limited exit strategy.  

Heres the Bigger Pockets piece that was just in Money Magazine about some common acronyms.Money MagThere are a ton more so just ask away and I'm sure someone will chime in.

Its not the only formula but the 70% rule seems to be the most common use of MAO

In fact, it's more common than not with the turnkey providers I know of because the properties are so in demand that they go under contract long before construction/rehab is done.

I'm a realtor that works exclusively with investors, and it's fairly common to put in sort of lowball offers when the property needs significant amount of work and is becoming a stale listing.  

The 5/5 ARM is a good loan.  15, 20, or 30 year fixed are not common loans when dealing with commercial properties.  

He signed common law agreement that he is selling the property to me and gave me all the mortgage papers.