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.

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

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.

Don’t forget to take into account utilities including internet, lawn maintenance, snow removal, etc. into consideration.

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

Credit agencies ding you for having a statement balance.

The internet leveled the information asymmetry and I visited all the houses I wanted during the open houses. 

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.

It will also be more expensive than just looking into a line of credit with a local bank. 

Many thanks for any insights & guidance.TimThe only up front fees you should have are an appraisal and credit report.