I have to admit--I am sooo nervous about buying my first rental property.I spend hours on the MLS, look at properties left & right, analyze until my eyeballs ache—but I still haven’t been able to work up the nerve to make an offer.

I take my real estate exam in MD on Friday and wanted to know if you knew of any free exams that I can take online?

Not sure why I am so nerves to reach out?

I don't think I'd have the nerve to make such a low ball offer but the approach I used on a recent purchase was to go in a bit lower than I suppose the seller was hoping for. 

I would assume anyone capable to write checks to pay your rent, who was able to drive a car to arrive at your property and has the normal functions required to navigate through life on a daily basis has the faculties to understand if the toilet seat is up it also can go down once they are living there and/or has the ability to raise a closed lid to peer into the bowl and examine it all they want if that's one of the major rental decisions or not.

Toyin, sounds like you hit a nerve...

That model gets examined, and occasionally revised, on a daily basis.

Hi Financexaminer and all,What I am concerned about is a finance examiner looking at my past two years without any income.

I have never heard of any landlord telling the RTO what a lease buy out amount was going to be, the polite examiners might ask you, but they will let you know in the end!

Which would be $2,500.Then there are, according to fha.com:• Lender's origination fee• Deposit verification fees• Attorney's fees• The appraisal fee and any inspection fees• Lender's origination fee• Cost of title insurance and title examination• Document preparation (by a third party)• Property survey• Credit reports (actual costs)• Transfer stamps, recording fees, and taxes• Test and certification fees• Home inspection fees up to $200"Allowed in an FHA refinance loan are wire transfer fees, courier fees, reconveyance fees, and fees to payoff bills."