Not sure the final outcome, but I'm guessing that is a case where you think things are risk free, but I expect the purchaser was out significant legal fees that were not reimbursed and ended up not getting the property.I've always thought about this in the rare instance that a super nice and super valuable property goes to sale with a mortgage on it. 

And as you already know, buying the home as your primary residence will help you take advantage of the best loan product there is.

Did you notice which of your updates made the biggest impact on your final sale price?

I you take out a loan your name, an actual person must sign it.

Also would love to know from other members how much they spent on the last project and what is a good contigency to put on the final cost for a first timer.

Hi Frank, sounds like you’ve built a solid foundation and have exciting plans ahead - If you're planning to scale, you might also want to explore hard money loans or DSCR loans alongside private lending.

I've been interested in real estate investing for a while and finally decided to take the plunge.

EXAMPLE: a local HC has a single comcast email address for their entire office - mysteriously, they seem to be always losing emails and asking us to resend multiple times.The good news is they finally increased their max rental amounts a few years ago, so they are now more competitive. 

Here's how it works:If their deposit is $1,500, they can either choose to pay the SD in full or elect to take out what is essentially a loan with Rhino Insurance and only pay $25 per month ($20 goes to Rhino and the remaining $5 goes to the PM company) toward their $1,500 SD.

Let is know what finally happens and if you are able to solve the issue.