I also use the online section of local newspaper publications and local rental sites.

I think in terms of identifying potential markets to hold rentals, an intersection of purchase price far below construction cost, a high non-owner occupancy rate, and stabilization in unemployment would be very interesting.

Best bet is to sell it to a non FHA buyer.

However, I do not have a problem getting a loan for a rental as long as I am cash flow positive, and I consider it a business loan (although you will likely be asked to personally back that loan).I made the decision to get my first rental property (I do not have one yet) after having a bit of a cushion so I am not hurt by negative events like a non-paying tenant.

If the house is a non-asset, you might think about going back and having the home included in the divorce.I don't fully understand what the logic is behind the "work as partners with an LLC" or the second one where you give him the house to start a LLC.

I am in Texas and have this clause in my lease for non payment of rent.

The building is 24000 feet with lots of hallwys and public areas, and typical 1 bedroom is around 750 sq. ft.Note: this would be a cash purchase with no debt.Calculated the NOI of $31k as follows: Gross Revenue: $101,000Taxes, Insurance, Utilities: $27252 (verified) All told, the Gross Revenue is $101,000 per year.

If your deposit is non-refundable and you show it paid out of closing, the title/escrow campany won't need it.

All foreclosures happen that way, in order to expose the property to public bidding.

There is also a non-bedroom room (no closet or window) right next to it.