You might utilize these extra cash for a down payment on a different house.Another good alternative is seller financing, which may be arranged directly with the seller and may entail a down payment and interest-bearing payments of the remaining amount over time.

And this stuff goes on in threads with folks attempting to defend the practice that usually entails unethical deception with an owner.The issues is, is that if you don't have the ability and intent to follow the letter of the contract, where there was a meeting of the minds, yo don't have a valid contract, that's not real estate is basic business law.

I think your biggest first step is to evaluate your finances, what renting out your current house would entail, and narrow down the locations you and your wife are interested in.

Finding a good contractor is already very difficult, and with the 203(k) loan and the additional paperwork it entails it's even harder.Happy to connect with you on Multi's in the Tacoma market- just finished an inspection in Tacoma for a house-hacking client today.

Hello Jerry,I am not too familiar with unlicensed assistants…could you elaborate a bit more for me on what this entails (i.e. how do you go about becoming an unlicensed assistant, your roles and responsibilities, etc.)?

.- Plans for the foreseeable rehab, what do those plans entail?

I think before you start bashing someones livelihood and career that they work hard at everyday of the week, you might want to learn a little more about what exactly the position entails.  

Beyond the usual public zoning hearing meeting where neighbors get to object to any change in the proposed property use and the board follows their desires normally, it also entailed actually purchasing a nearby lot and putting a parking easement on it so as to provide the parking imposed by the condemnation process.  

I think what you will find is that we provide extensive information about the market as a whole, the specific neighborhood demographics, scope of work entailing what was rehabbed on each property in addition to having your own 3rd party inspection & appraisal required by the lender. 

If you are unable to find a property in ATX or in FL that will cash flow like you want it to once converted to a rental, that's when I'd consider investing in other markets, which would entail at least 15% down on a 1-unit property.