Purchase price: $140,000 Cash invested: $42,000 3/1+2/1 duplex in Newburgh Heights

Chuck - transfer tax is .70 per $100 of consideration but if there is consideration no tax is owed.

The specific height has to be composed with the area and body of water.

I am confident that I would be a respectful and reliable tenant.Thank you for your time and consideration.

I think I would also take into consideration on where these enquires are coming from.

(Also, make sure you take all of these costs into consideration when you’re calculating your cash flow!)

Only where there is significant and sustained population growth will prices and rents outpace inflation.Another important consideration is overhead costs because it's not about how much you gross but how much you net.When choosing an investment city, consider all significant recurring costs.

You could also move into the Tampa property later on - although I would say this is a rare practice because people usually like to take advantage of the primary home loans if they are going to live in it (people usually live in, and then rent).All good points and considerations I have thought about.

I'm guessing the lender will require 6 months of insurance and taxes up front at closing for an investment property which will drive the closing costs up considerably. 3.

However, I called the City of Aurora to ask about zoning codes and considerations for doing this, and they said renting out a basement is not allowed in Aurora.