If you pool all my properties, I'm 80% leveraged, however I can break even with a 40% vacancy rate.

The numbers look good on paper, but when you break things down, the deal is too skinny for me.

What if down the road you break up and she is no longer your girlfriend?

I could imagine large scale abuses of this, if it was allowed.You and I would not buy in rent control areas, but why are you trying to undercut those that are following the rules and side with someone that is trying to break them.

If they break the rules it's punishable up to 5 years in prison and $250,000 fine.Not only will HUD punish the buyer by the agent too by taking away their NAID number.

I'm sure at minimum I would break even.

I was looking all over for a baseball then realized the window was I tack so I then thought a burglar broke into my house just to break my shower glass!

@Scott Swink Your probably right on all aspects, I believe I need to reaproach things a little differently, break down and get the credit card, believe it or not I actually do have one in my wallet for over a yr and have never activated it it does not expire for quite sometime guess ill call them up and see if its able to still able to be activated.

I am breaking into rehabbing and flipping.

Needless to say I did not give her a break on the rent.