I was wondering if anyone else has heard of this "Housejerk" that is now being promoted here by a few individuals that I dont consider to be on the up and up.

Remember you don't have to own a property to control it.I have buddies in western PA getting houses for $500-2,500 each from the county Tax Repository Sales.Good luckPaul

If you are looking at a conventional loan then it would be 6 months, though individual lenders may have their own overlays that require a longer time.

I haven't seen any prices for this yet.The other issue I have found is that there are a few builders that build in the bahamas and poses another issue in itself where they can control the market in the area and the possibility of getting a reasonable bid won't be easy.

These are 5 attached 3 bedroom townhomes and 4 individual SF homes all on 1 acre of land.Please let me know if I am forgetting anything.Rent: $8,875.00Units: 9Maintenance $1,331.25Vacancy $443.75Property Manager $621.25Insurance $484.47Utilities $150 (calculated at 85% recapture on RUBS for water, gas and electric metered separately)Landscaping $300.00Advertising $73.96Ongoing Capital Expenses $887.50Taxes $702.63Purchase Price $385,000.00Rehab $78,100.00Holding Fees $17,750.00 (2 months rehab, some will rent sooner)Closing Costs $3,500.00Cash out of Pocket $484,350.00Additional ideas for extra income:Pet Rent - $10 per month per pet (the property has a huge green space for pets that I may actually fence in as a "dog park")Appliance Rental - $25 per month for w/d, $15 per month for refrigerator (I actually ran across this idea looking for my son an apartment recently)Property also has a big playground that I may remove -- not sure yet.Please let me know if there are other expenses that I am not calculating (hopefully they are small :))

Hi @Jordan Richardson Owned by a Wholesaler or CONTROLLED by a wholesaler?

Can this be done with me being an individual and not a sub chapter S or any other entity?

Remember you don't have to own a property to control it.Good LuckPaul

Our kids are adults so several years ago we went as separate corp's & it has worked here in NY SO FAR with $6500 (individual) deductibles ...but (& without getting political) we have been advised by our carrier that the full force of ACA is yet to hit our respective plan(s).

Remember you don't have to own a property to control it.Good luckPaul