Property InfoFSBONW Orange County, FloridaSFH ‘96, 2,600ft, 4/2.5, pool, 2 barns, 2.5 acresPP-$350,000.00Minimal cosmetic repairs/cleanup $10kARV- 520,000 (Zillow currently 510,00)PropTaxes- 4,800/yrProp Ins- 3,000/yrQualification info (for loan)Credit 740Primary residence value $550K (no mortgage)20k cash (earmarked for property)

If not, you might want to earmark a big chunk of that 400k for cash reserves. 

sit down with the builder and identify besides lumber the increased building costsidentify what they earmarked for lumbermaybe you can shoulder the increase in lumber - you buy the lumber directlyand they shoulder other increasesseems a lot more fair100k increase does not seem rightnot sure the size of housego in with this approach while not threatening legal action but it is always an option hanging over this new negotiationyou can say that we agreed on a contract and you do not believe you did anything on your end to breach the contract - that is why I am reaching out to you 

In an effort to get my feet wet, I've identified a single family turnkey property in Missouri for $75k that will cash flow around $550/month after expenses, but before financing charges.We're closing in mid-August, so I have some time, but not a ton.I have a few options for financing, and have been weighing this over myself for a couple of weeks now, but thought I'd seek the advice of the BP community.A few things about my situation:I have approximately $100k in cash that I've earmarked to invest in real estate.I have access to a line of credit equalling approximately $65kI am in the midst of refinancing my primary residence, which should be closing in the next 2-3 weeks.

You can't "add value" to the property (i.e. owner can't paint) for example.Plus, real estate is already so tax efficient as is, might as well earmark that money for less tax advantaged investment opportunities. 

I have about $5,000 (previously earmarked for opening a ROTH IRA) at my disposable and want to know if it is feasible to dip my toes in the REI not only for an excellent learning opportunity but also as potentially a way to make some semi-passive income either through building equity or cash flow. 

In both practice and analysis (when I'm evaluating a deal), I earmark 15% of the rental amount to go towards maintenance and capital expenditures (ie major repairs, like a new roof).3. 

Make sure the HOA has healthy reserves, and the some of those funds are ear marked for CapEx. 2.

I'd look into using the $36k you have earmarked for a new furnace to split out the utilities. 

The $50k you have earmarked my not be enough for this strategy, but if you were flexible in where you lived you could owner occupy the property for a much lower down payment (3.5%-10%) depending on what program you want to use.