It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

The request for 2% to cover closing costs seems fairly normal especially if they are more than ok with paying asking price. 

If I can find a property that just needs cosmetic updates, covers its expenses, and leaves a little extra, I’m interested.

They only cover your events if you have 16 guests or fewer.

My background is in construction management, so once the work begins I'll be able to facilitate the construction in a timely fashion and oversee the work that needs to be done well, but my concern is actually getting started.I'd also like to make sure I know the root cause of the foundation failure and am not sure if that would be covered in the inspection or if I'd have to have an additional consultant come out and figure out what is going on.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Miss the window and fines and penalties are HUGE.This covers ALL of your Corps and LLCs!

Are you wanting the home covered at full replacement cost?

They might pay a little more but not enough to cover the extra condo fee.