Long before they ever get to the point of accessing the FDIC to make good on your "deposits", the "Fed" arranges a shotgun marriage between your bank and another "stronger" bank.I went through this in the '80s in Houston.

Or, solving for debt service will give you an idea (albeit subject to the details of your financing arrangements) of how much you can spend to acquire the property given the average/acceptable rents in a particular area.I like bar room napkin math and this looks like a quick and dirty way to determine whether I should spend more time considering a particular property or not.Please let me know if my conclusions are flawed.Thanks again,

so...uh...atarget....where do you live and do you keep it in the flowers or the veges?

Or has he not been able to arrange traditional financing and is looking elsewhere?

If you are required to give any personal notice then make a new lease to the person behind the door.Having two individuals who are not married can present problems as to who can be made to pay for damages, it may be equally between them, not good, or it could be either one being fully liable, taht will come down to state law and local custom to how a judge thinks.I have had many college students and this is commonly arranged in this area.

The 2nd picture kitchen one I can't really see the kitchen just the kitchen from the living room but the pictures don't scream granite counter and stainless steal- I can barely see most of them.Maybe move the couch a little bit away from the window and add some window trimmings- maybe red to match your pillows - move the black chair from where it is and center that living room table- put a flower arrangement on living room table- maybe clear glass with red flowers to match pillow cases again- doesn't have to be flowers- could be just some little nick nacks on that table- just something intresting- normally if you dont go with flower you can try nick nacks in odd numbers like 3.

Whether the wording is enforceable or not, most bank will not honor a conditional endorsement and you need to have a special arrangement where you verify the endorsement before the item is paid.I believe Beneficial finance or maybe Houselhold used this idea at one time (maybe mid 1990's) where they sent out $5,000-$10,000 checks and people that cashed them had an instant second mortgage, maybe it was unsecured, but the homeowners believed it was secured by their Real property.

Or will this force more people back home or into shared arrangements?

While I'm open to pretty much any type of partnership opportunity (if the deal is right), the rehabs I've been doing for other investors have mostly been just a flat-fee type of arrangement where I come in and take care of all details of the rehab.Basically, I consult on the level of rehab and finishes, put together the deal analysis, help put together the budget/schedule, and then bring in my contractors, manage them day-to-day and complete the rehab for the investor as we've agreed (or as he wants).

There are some homebuyer assistance programs in place at section 8, but my understanding is that they would not align themselves (the programs) very well under a lease-purchase arrangement.