The money you will spend will be well spent and save you a ton when problems arise later and you're covered because you set everything up correctly from the beginning.Third, good luck!

The more lucerative parts are less understood but we think they are covered for now.

One/s that will cover terminology, hunting tips, etc.?

This includes the closing costs you help covers for the buyer.

The claimant is awarded damages in excess of what your insurance covers 5.

What information are you looking to cover in particular?

I can't touch a smiliar house for under 120k.I spoke with a mortgage broker and will be able to get in the house for the application fee and the rest will be covered w/possible cash back.

I was hoping someone could share their experience in owning one and if the rent revenue covered the mortgage costs?

It appears like your bank will accept an appraisal for 285k on your subject property.if they are making a loan for 238k that means you have to have approx.16.5% down(47,000.) closing costs included.if your sales price is only 215k that means the seller gets his 215k and goes away.you are left with a property worth 285k that has 47k of your money in it plus 23k equity.or 70k in the bank so to speak.if the seller is going to lend you 20k it should be out of his proceeds from the 215k sales price.he must be a nice person to loan you his money for 2years no payments no interest.It looks like you need the 20k to help make the down payment and closing costs.If so you have to make enough on the resale to cover the 20k plus the costs incurred for rehab,holding,and acquiring the property and still make enough profit for it to be worthwhile.Is the bank going to give you 48k at closing for rehab?

Cover yourself and realize that you could be hurting people other than yourself as well as the above example proves.