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Jon, thanks for going into detail with the analysis. That all makes sense. I realize it's not an investors dream. Its actually my sister looking for a house to live in an rent ... See more8 replies
Interesting Peter, I didn't realize the requirements were that strict from a lender. You'd think if all expenses were covered, plus you $100/unit desired cash flow then they wo... See more8 replies
Peter, thanks for the response. Why wouldn't $1500 cover Principal and Interest only? If I plug in $1500 PMT, 6% Interest, 360 N(12 payments for 30 yrs) the PV comes out to 2... See more8 replies