Yes you have more options in the city, but it's no guarantee that you're going to get into a decent school anymore with families moving to catchment areas of the schools that they want and filling them.

That effort can payoff big if you are known as the go to guy/gal, you're an organizer, you will know the who's and what's, you'll be seen as a contributor, not a taker, a leader and I guarantee that if you hold a decent meeting, every investor in there will be talking to  you! 

Even if you end up paying a PM for the service to place a tenant, there's no guarantee that they will last long if these other parameters of due diligence are not met.

. :) A zoning change can take up to 6 months, approval isn't guaranteed (despite Aldermanic support), and potentially cost a lot of money (architectural site / floor plans & dimensioned elevations, zoning attorney, holding costs, etc.) 

They tested the appliances thoroughly and offered a one-year guarantee.

You're marking the equities to most recent returns, the reality is a real estate investment to live in is a guaranteed rate of return and serves utility. 

I can guarantee that if your PM can't win Aircover and thinks it is a waste of his time, he will not win any insurance or small claim fight at the court.

- just starting out I would steer clear, it's nice that the rental income is guaranteed but that can be a rough tenant base and many new real estate investors just get smokedIf I was just starting out in real estate and had $750k to play with, I would really try to understand my goals - is it to retire on a beach and be completely passive?

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

Secondly this mortgage is a big money maker for OCWEN, and its guaranteed by a first mortgage.