Roofs maintain the integrity of the rest of the house and should be maintained as such.The price in which you purchase the property should factor in the age of the major mechanics along with windows, roofs, and siding considering where they recommend in their life cycle. 

Thank you all I'm starting with Rich Dad Poor Dad, Millionaire Real Estate Investor, and Landlording on auto-pilot.Can you clarify Rhondalette W.

Guess what, if I don't like what my mechanic charges me, if I think the fee is completely outrageous, I don't call him an unethical crook, I find a new mechanic.

@Nick Noon Some of the added costs are:the up-front PMI at closing (I think 1.75% of the loan amount)the monthly PMI (which was lowered recently to 0.85%)FHA consultant fee (for inspection before you buy and during the rehab)there might be some fees for title search at each draw to check if there are no mechanic liens on the house from the contractorI hope that helps!

And if the car had cosmetic or mechanical issues, you'd want a price break for those, too.Before buying my first investment property I had bought and fixed up cars to help pay my way through college.

And even on the ones that do them, I think their lending decisions have a bit of a red flag mechanism where if they see you doing a bunch of cash out refi's, at some point, they're going to wonder if you're overleveraging yourself and taking all the equity out of the business.  

a comp is a comp. reo or short sale. doesnt matter, thats what a property sold for that is comparable to yours. deal with it. what he wants to use as comps is from years ago or arent comps......the house across the street that sold for $48k I cant find it, i found one so far down the street its in a different subdivision that sold for $68k, twice as big, twice as many bedrooms, compeltely remodedled from mechanicals to cosmetics.  

We all develop coping mechanisms for situations in our lives be they good or bad and then tend to repeat these behaviors during our adult lives to varying degrees. 

HOA's have a mechanism to recover HOA dues by foreclosing on a condo owner's unit.

The private aircraft, boats & autos confiscated during the Revolution were still there when we visited in the '80's.http://allanstratton.blogspot.com/2010/03/cuba-dup...