We keep the late fees (which covers the sometimes excessive extra time spent sending notices, knocking on doors, following up and chasing the money up to the point of initiating an eviction); evictions once turned over to the attorney are billed same as other vendors.

This could easily eat up your entire $7,500 downpayment plus any monthly excess.

Even in the absense of any details on your loan request, I suspect I know who your mortgage lady is using---just a couple of questions to see if my suspicions are correct:- Are your FICOs in excess of 620?

Expect that when you take a property out of service to refurbish it the cash flow will pull back yet the excess cash from the others keeps everything in balance.Similar to when you buy a property that needs work before you can get it fully rented.

In that case it was more from excess run-off causing the storm sewers spilling into river with pollution.The point is a city provided system is more consistent and once in place you rarely have to do much other than make sure your pipes stay clear from the house to the street.John Corey

It may not be THE job they want but they can find a job.2) New Residents: There are in excess of 6,000 people moving here each month.

The excess inventory that has built up in some of the larger markets will be absorbed over those quarters, particularly in Florida and Las Vegas as their population growth rates are very high.

I had plenty of time to search for a deal and didn't need or want an excess.

The rules are to prevent preditory lending and excessive profit this is an honest deal with a reasonable profit.

I believe in most states the owner would get the excess after the loan and all fees were paid.