If you failed to make good on the recourse nature of the deal, they could go after the property, and 50% provides a a good buffer for additional costs in getting the money back.Hope selling is made a little clearer

The courts here view per day charges as punitive in nature and don't allow them.  

Naturally, if there is a time-framed lease involved, no changes can be made outside of both parties consent to an amendment.

In PA, natural gas is quite abundant, and heating with fuel oil is now much more expensive than natural gas.

Naturally, it has to cash flow well and all the rest of the metrics have to work, but your market is not dissimilar from mine and I an do it here all day long.Thus, this little house monetizes doubling if your portfolio - not too bad I think.

My dad was a carpenter, so naturally I became one as well!

Scott Have no idea why his name never works for me with the @... get with him....Why not use a state approved cotract and us an addendum to state the AS IS nature of the sale, as is, where is, without any representation or warranty, except as to title. ?

Is the bank local, regional, or national in nature??

I am not overly worried about keeping it rented, but just a natural pessimist/conservative person so nervous about competing for rentals against the guys with a bigger reach.

I closed enough deals with her to the point where I dont have to be there all the time, all I do now is drop off the keys and pick them up when she is finished.4) HUDs arent that hard to close, but since it's your first deal, it's natural to have a lot of questions I was the same way when I did my first one.