The offering memorandums from Agents are extremely lean when it comes to OPEX and never include reserves, or in my opinion, at least adequate non-controllable maintenance expense (repairs, turnover paint / cleaning, sinking fund costs for deferred capex, etc).

(c) while some groups may have access to "more sophisticated investors", the frequency at which those same investors can invest may not adequately supply the equity needs of the sponsor company's deal flow; meaning they need more investors (larger pool) to keep doing what they do best which is close on good opportunities. 

Originally posted by :The POF (aka verification of funds letter from a bank) only says money exists, while the Loan Pre-Approval letter says the lender is read to lend on this property for this person.You need BOTH to have a bonafided offer :)You don't need both -- you need one or the other...A POF is used when making a cash offer -- it is typically a bank statement or a letter from the bank indicating that the buyer's account contains liquid funds in an amount that can cover the cost of purchase.A loan pre-approval is used when making a financed offer -- it is typically provided by a reputable lender indicating that the borrower has been preliminarily underwritten for an amount adequate to cover the cost of purchase.

In a NJ house we had to tie the joists into the house,  not  sure if that is true everywhere, the ledger and footers were often in adequate in older decks.  

You do however need to keep an adequate reserve of capital to cover unexpected expenses that arise.

If the lease says that you are responsible to keep the oil adequately filled for the heating unit to function, then it would be your responsibility.

In most cases $6,000 is not adequate amount of money to self-direct, but if you are in fact self-employed and qualify for a Solo 401k - it offers the ability to make large contributions, up to $53,000 per year.

However, care must be taken as a foreign investor and adequate caution should be taken upon considering taking title to real estate in this manner to avoid being accused of using Filipino Citizens as mere "Dummies" to circumvent Constitutional Provisions prohibiting Foreign Nationals from acquiring Land in the Philippines.

I doubt 500K alone will be adequate so she may be needing a reverse mortgage.

A Canon Rebel t3i with a kit lens that will be adequate for what your need is about $600 from B&H.That said where these DSLRs fall down, including the Nikon, is for auto focus video.