Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.

@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

Policy will not impact the market for a while, even a $25k first-time home buyer credit will need some time to work through the system.

Call out these terrible acts by terrible folks. 

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

Credit agencies ding you for having a statement balance.

If the security deposit is not going to cover the the water bill or damages, try to scare him into covering the balance by hinting at sending him to collections and it will appear on any future credit pulls he may have done.

Having bad tenants is not something you would like to have, thus make sure the tenant has sufficient income, credit, and who they are.

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

wow, terrible for everyone who invested