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It is in a state where taxes are 2.5%.Taxes are $2500 per year, or $$208 per month.State "B"To obtain $1000 , the rental is purchased for _________ on same market etc, It is in a state where taxes are 1% .Mortgage rates on both new loans is 7%.With 30% down and 25 yr loan on each, the P&I payment on first example is $495 .The T in the PITI is $208 per month, so PIT in first example is $703.

Also, I'm only going by what the MLS listing said about unapproved--I won''t be able to see the house for a couple of days.

I don`t see it as being insulting but if it is I`d like to know.Thanks

I got to where I am in life by crossing all my t’s and doting all my i’s, but this isn't the best trait for someone who just needs to jump in.My goals for the next 3 weeks are:-Meet with Real Estate Attorney and setup my LLC (podcast 109!)

I am new to real estate investing and committed to humbly and diligently working on increasing knowledge and network while conducting business in this field. 

@Jay T.

And it doesn't matter if its a cash transaction or a financed mortgage transaction.I'm not saying you are committing fraud.

Scott T. 

Thanks -Lessons learned: Real Estate Agents really don"t understand investors.