Lokesh, it doesn't appear you have something to mess with here unless you and the seller can provide a long term option, at least 5 years more like 7 in a seperate option agreement and an annual lease sufficient to pay all expenses.

For bookkeeping wouldn't Quicken or Quick Books be sufficient?

Usually, NPs serve those who have difficulty in getting safe and affordable housing sufficient for the family size.

If it goes to foreclosure and you ahve sufficient funds, you could go to the sale if you want to buy prior to the sale contact the Trustee conducting the sale.....Good luck....

Another issue is drug usage, sale or manufacturing are sufficient grounds for an automatic termination, in fact here, it's an immediate set out but the landlord will need to prove it.You do have the right to enter for repairs, treading lightly on the tenants right to quiet enjoyment, but things can be miserable to the point of a tenant wanting to break a lease too.The story of an Executive Director of a housing authority property is true, where he removed the front door to make repairs to it and the tenant left.

IMO.When you get over 3,000 ft, seems you can never have too many bedrooms so long as the living spaces are on the larger size of sufficient for the price range.

If similar homes are also worth $100 and are modern or up to market then you will need a discount from the $100 sufficient for you to put the $10 of improvements in and make a profit.

Obviously they need to show sufficient income as well.

Yes, you need to show bank statements (or some other financial institution like a brokerage account) showing sufficient cash reserves. 401K accounts can be used, too, though there is a discount factor to account for taxes and penalties.

Their coverage will be for common areas on the project, not your unit.IMO, between these three types of coverage, for one property you could be sufficiently covered.