Can you shed some light, Dawn?

@Dawn Anastasi You are absolutely correct.

AS for the appliances I would nee do replace the dishwasher which quit working but thats not hard at all.As far as the terminology around "lease option" I DID NOT know the lease option was illeage past 3 years in Texas.

Yep, I had a chance to meet @Dawn Anastasi & her fiance, @Matt Morgan, and @Richard Michael all this past week in Milwaukee.

Originally posted by Dawn Anastasi: @Edward Burns I did a lookup of Aimloan.com with the following parameters:$25,000 loan$35,000 value$1300/year property taxesCredit score 740+Investment property I came up with the following:30 year amortization, 5.125% rate, no pointsLender fee less rebate = $905.25Appraisal, credit report, flood cert, tax fee = $578.25Settlement agent and title insurance = $475.00 You indicated you're seeing about $4,000 - $5,000 closing costs but I'm not seeing that.

Especially when @Dawn Anastasi rocked it with her peer to peer lending, and have tried investing a bit on the side as well.

@Dawn AnastasiThank you Dawn, are you still finding deals?

I think what @Dawn Anastasi is trying to say is that if they dont have a track record of real estate rental income on 2 years tax returns that they will have to qualify based on their income alone.

@Joel Owens and @Dawn Anastasi : Yes, after I get done reading all the essentials on BP, I really need to develop my plan.

I was an investor first but it dawned on me the agent I gave referrals to of sellers that needed to sell retail, and were not a deal for me in exchange for MLS access was getting a nice income from me.