Unless the ARV is SIGNIFICANTLY greater than what you have into it (which isn't the case in your calculations), then it's not a DEAL; it's just buying a house for market value.

Brother J ScottIt sounds like hydrogen sulfide in the ground waterGet your water tested.Google "water testing labs" in your cityFiltration systems help.Some are simple and cheap ,some are sophisticated but cost a bit morePeople should be filtering their water in any case in this day and ageHope this help JDD in Los Angeles

Similarly, in another experiment, health researchers found that their efforts to get young women to check for breast cancer through self-examination were significantly more successful if they stated their case in terms of what the women stood to lose in terms of health benefits as opposed to what they could gain.

If you asked any of these questions and the owner gave answers that concealed her intent to sell, then you will have a much stronger case in court.  

Most states require PMs to have a real estate license, so if that's the case in Texas, then make sure he has that license.

I know in Las Vegas there are lots of vacant homes that need to be foreclosed but is this the case in other markets as well?

(In my case in a very active rental market.)My very experienced realtor is quite adamant that I give them notice of a significant increase on a 1-year lease, take it or leave it.

One interesting case in this situation is that your parents will be the one taking out the loan.There then would be a loan agreement between your parents and you.Your parents may potentially have taxable interest income in this situation.

Make sure that is not the case in Wilmington, and/or make sure you can fix up whatever you buy before you get hit with those fees.

(Not saying that’s the case in your situation, but i can imagine that they’ve seen a lot of that so must cover their asses since most lenders sell their mortgages after origination).