I only say this because I've been there, done that, got the t-shirt.

The property needs to make sense with going in rents for the purchase price you are paying.Wanting to raise rents is all good and well but do not depend on that to make the property work.I have seen many buyers lose their shirt thinking they will just come in and do these big increases and then the cash will start flowing in.

Some costs should be added to the basis of the property such as survey fees, attorney fees, stamps, etc.

I love reading such time stamped perspectives.

Not to rub it in, but I just got done grilling some bratwursts out back and I was wearing a short sleeve shirt :).

The standard contract we use in Florida has very specific languages on who's to pay for what...CLOSING COSTS; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS:105* (a) COSTS TO BE PAID BY SELLER:Documentary stamp taxes and surtax on deed, if anyHOA/Condominium Association estoppel feesOwner’s Policy and Charges (if Paragraph 9(c)(i) is checked)Recording and other fees needed to cure titleTitle search charges (if Paragraph 9(c)(iii) is checked)Seller’s attorneys’ feesOther:106 If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at108 Closing.

It was date stamped on the 30th of November...

Some people in the higher price range may have higher expectations of your first impression which may require a suit or at least a button up shirt, slacks and shoes.

In addition if you don't calculate risk when borrowing money from someone else you will certainely lose your shirt and it won't just be your credit score.

And be careful of the naked man who offers you his shirt.