He gave me a rough number. it does not include insurance and interest, so I plugged the insurance in the "other cost" excluding maintenance fees and vacancy.Estimated mortgage payments on 7/1 arm with 3 year prepay$2,182.00 excluding principle and Interest built into the loanMay need a personal loan of 30kRent a year$50,400.00 Monthly$4,200.00 A list of all Annual Expenses estimated run downWater/sewer/trash$2,200.00 Gas Heat$1,440.00 Common area Electric Annual$60.00 Insurance$2,920.00 City License 75.00 unit= 525 years$525.00 Management fee at 10%$6,000.00 County Tax$4,028.00 vacancyMaintenance feesThe other cost breakdownwater/sewer/trash bill$2,200.00 Gas Heat$1,440.00 Common area electric$60.00 City License$525.00 Total$4,225.00 not including maintenance fees

Also, if you own a multifamily, and increase on any unit(s) but also live in a separate unit, you are excluded from the law.

@Harry Williams One thing to keep in mind... when you pull your DOM, are you excluding dated properties and non-rehabbed homes?

Thanks Ryan and Jerry.Jerry,Some counties have Judicial Foreclosure Packet with self help information regarding filing judicial foreclosure.For example http://www.coconino.az.gov/DocumentCenter/View/53These packets exclude partnerships, corporations trustees, and associations, hence my questions regarding special rules.I have been procrastinating for some time between hiring a lawyer for this, but probably will try on my own first.Ohad

Since wholesaling can be practiced without a license (excluding IL), the barrier of entry is very low.

I explained that the Trust specifically excluded spouses and clearly stated that spouses do not inherit or in any way benefit from the trust assets but the trust assets are passed on to the children. 

I am at $28k excluding my quickly depreciating car.

Well, excluding the single family home that I am planning to rent out in NC in the next week which started as my primary home, this truly is my first multifamily home purchase with an intent to invest.Now, to answer your question, is it wise?

The fact that no one can be excluded or charged higher prices because they will cost more to the insurance companies, means that ALL prices will rise to handle the cost.

Don't allow one person to take over the meeting and hawk his/her wares or properties at the cost of excluding others. c.