By the time it was all over, the court fees, attorney fees ate up the entire EMD and then some --- this seller never intended to sell the house. 

Every loan scenario needs to be vetted to a Tee.

Sorry for late follow up.Total repair was under $3k so I just ate it. 

This along with a multitude of other issues ate through every bit of reserves we had before we made much of a dent in these rehabs.

He testified that he used his personal bedroom exclusively forbusiness purposes but later testified that he slept and ate in his bedroom.

While these deals were successful, I realized that the cost of using hard money significantly ate into my profits.

As far s your questions goes,  I have had properties that were negative, and I sold them before they ate me up, but the vast majority were all newt positive CF. 

The biggest challenge was addressing unforeseen structural issues, which ate into the budget.

The biggest challenge was addressing unforeseen structural issues, which ate into the budget.

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..