Hello fellow homebuyers,I recently made an offer on a house with an inspection contingency covering the roof, foundation, electrical, plumbing, backyard fencing, and pest infestation.

The loan approval is based on the property’s cash flow—so as long as the rental income covers the mortgage, you’re in a good position.

Can I require additional deposit to cover the accidents this animal is going to make?

Kill 2 birds with 1 check, reinvigorating areas and creating the growth and expansion that feeds not only housing needs but with all the ancillary things one needs to have along with a roof over the head. 

The windows, roof, electricals, plumbing systems, and gas lines all need major upgrade to bring the property up to date. 

Usually holding costs and lost opportunity costs far outweigh the gain in sales price.I would also have multiple exit strategies and if prices dropped more than I wanted could I keep it as a long-term investment and have the rent cover my expenses.

But if the debt is say 50% of value - what’s the chance of the property not “covering” the debt  and your personal guarantee being enacted? 

If your policy doesn't cover flood or wind and the loss of income is caused by flood or wind you aren't covered.  

Seller financing is very hard to get.Most seller has the intent of collecting all the money upfront for a new property.To entice the seller to accept a low down payment, agree to the purchase price without negotiating, cover the closing costs and if there are any commissions involved with brokers/agents.

So I hired a company to pressure wash my apartments (8 units) in New York State and the guy fell off the roof.