This is a more affordable option but only protects against named events.Comprehensive Coverage: Often called “all-risk” coverage, this protects against most unexpected events, except exclusions like flooding or earthquakes, which usually require separate policies.

I have a tenant who was moved in to my rental in Feb this year and has usually been on time with her rent payments.

I’ll sell to anyone with the down payment but most people don’t seem to have it.I guess I’m different in that regard I usually ask for 10% down.Every house I have sold in need of repairs they have fixed upI ask them how much they did it for or how they did it, their cost is 25%-50% my cost because they get the labor part for free from their community or themselvesThey are more community oriented than us white folk and really lend a hand to each otherI guess where this may be predatory is offering extremely low down payments which would also open up the buyer pool

Plus, they’re usually easier to manage if you decide not to house hack.For getting started, I’d focus on learning your market by understanding rental demand, property values, and potential appreciation. 

Usually you make a few points at closing and then the interest-only on the loan monthly with the principal coming due at maturity. 

@Truong Vu You have some valid concerns, but most investments, whether for your personal use or long term holding property is usually about leveraging what you have.

rate is usually better and U wont pay as much interest..

County action (usually 1st Tuesday of the month)4.

Capex is usually lower, around 2-5%, since major replacements like roofs or HVAC systems are far off.

A typical rehab usually takes 2-3 months, but it can take longer for a full gut and heavy rehab like yours.