For example, a four-plex that rents each unit for $500/m = $1500 (none for your one), of which 75% = $1125 maximum monthly mortgage; WILL allow a purchase price circa $150k, but would leave little in reserve for other expenses, of which there will be plenty along the way, as you have already been reminded about.

Thx for the encouragement and reminder: "no excuses!!"

Thanks for that reminder. 

You can and should use a combination of different ways to reach and remind the seller of your offering.

Great reminders.

At 12:00 I texted a reminder. 

Assuming you did adequate screening then your task is to be sure you are establishing a strong system of reminders so when the 1st of the month arrives there is a clear expectation of rent being paid first.  

When I work with other lenders, a lot of times I have to check in and remind them about the timeline and when they need to do things, with this guy he is always on top of it and we haven't had to push a closing because of financing yet.So as a buyer I would shop around for rates to make sure you aren't getting screwed, but if their preferred lender is competitive, I would trust your agent's recommendation.  

Reminds me of "laminate wood" people use the term like there is such a thing every day.The hardest properties to manage, in "war zones" have the highest rates of return on paper.

Budgeting Tenant statements Late reminders Rent collection Capital expenditures Mortgage payment Tax Preperation Property Manager Definition: Properties held in the White House Rentals Rental portfolio will be managed by the Property Manager.