I've seen too many people think they can get top dollar, even with an appraisal, and still are sitting on it for years.

This is the sum of purchase price plus rehab dollars plus the 6 months house payment money plus a 10% to 20% emergency reserve for unexpected extra rehab costs popping up in the rehab process If you don't even need to use to 10% to 20% emergency fund then the loan reduces at the end and you don't borrow it.Example :  purchase price = 100,000 + 50,000 for rehab and 15,000 for reserve and x months of piti= 165,000 so 3.50 % down is then $ x5775.00HomeStyle is an alternative but on a 2 to 4 unit it is 25% down.

Your dollars can go a lot further here than coastal markets.  

That defers your capital gains tax.Meanwhile, you obtain a loan from a private lender that the dealer will introduce you to.

You’ll have to sell for pennies on the dollar.

Karen, I won't be attending but I can recommend a tip that could save you thousands of dollars: Leave your credit cards at home.Most of the free / low cost seminars give you a few crumbs of information but are mainly sales presentations designed to "upsell" you on more expensive "boot camps" and/or "mentoring programs".They all follow the same classic sales formula, they'll tell you that it normally costs $X (you can even go on their website and see that price) but "today only" or "only for the first N people to sign up" they're putting on a special deal.They'll do the whole "this is how much it would cost individually but here's an incredible package deal" etc.

In lieu of the LLC I'll be carrying the highest amount of liability I can get on the landlord policy, and I'll be adding a multi-million dollar umbrella policy.But even if I do set up LLC's, I'm still going to carry a multi-million dollar umbrella because  owners of LLC's can still be sued pesonally if their decisions resulted in a serious injury/death (such as the failure to not remove snow as stated above, or not to fix that faulty furnace that was emitting CO into the house, or some other form of negligence).

This leads me to believe my input of $1000 per unit of rental income for the one bedrooms is obtainable.

Hi everyone,I have been looking to obtain a Workers Compensation insurance in my area, Highlands County, without success.

If one is spending a million dollars or so for 300 bucks a month profit per building, not unit, there seems to be little reason to do so.