In any case, if you offer with conventional financing on a property where the seller knows no lender will do a conventional loan, your offer is fodder for the recycle bin or circular file.

And could even raise bees (sell the very expensive honey), goats (goat cheese and goat milk are HOT items right now.

MortgagePMI (Plan on using FHA)Town TaxesGarbage/Recycling (If not included in Taxes)Insurance (estimate)Grounds Keeping (estimate)Utilities (Though I prefer not to pay any.

I would say that the first thing in a hot Market that may be at the Top of the RE Cycle is for me to look at what the dirt is worth?

(and when Rhode Islanders say "south county" they really mean "Washington County" - see all of the RI counties)So I guess it's good if you guys are going to rent before you figure out where you want to put down roots - after you settle in and start to adopt the Rhode Island mentality (20 minutes away = TOO FAR), you might find Westerly starts to seem like a haul depending on where she gets work and you find properties.Anyway, welcome to Rhode Island.Oh and if it's cold and the sky is in any way cloudy, immediately go to the supermarket and stock up on bread and milk.

By recycling the cash again and again as long as one buys it right just like @Jayson Edwards and @Paul Siljee.

For example, dairy farmers being behind the research of “Milk does a body good” campaign.

Then maybe say you will rent for the lower price for 3 months to let them get settled in, then the rent goes up to $2000 and they should get a part time job, recycle bottles, whatever to earn the increased amount.5. 

@marian smith She lives in Georgia and currently (what I believe from what I’ve seen) is milking the property with current renters.

He’ll probably try and milk another 5-10k out of you.