My original mortgage was a fraction of rents/mortgage for the same house, so my personal housing expenses were relatively quite low too.  The

We have chosen to tile the foyer using a slate looking tile, and will be tiling the bathrooms too. The

(But I am pretty sure tenant made a few bad choices too). The

You're right about the high price point too.  The

They don't need to be the beneficiary, but they'll want to have an assignment of collateral so that they get paid off before your beneficiary does.A term policy will be very inexpensive.A general rule of thumb is that if the premium is tax deductible, then the death benefit will be taxable too. The

I'm in the process of closing on a property in Abington but have been fighting tooth and nail in Mt Airy, as the good ones go quick.

There's electric but we'll have to bury the line too.  The

That is correct, the bank is looking to make sure the buyer can make it too the closing.

If it is not heavily marketed yet then usually you can lock it up fast before it goes out to the masses.What happens is usually a 1031 buyer is the best buyer because they are generally paying big taxes if they do not buy something unless another all cash buyer steps in at a similar price.If the property is very competitive that is when I would have my capital markets commercial mortgage person go through my financials and the aspects of the property with a fine tooth comb before even thinking of agreeing to no loan contingency.Now if you have a good attorney there can generally be put many other outs in the contract besides the loan you could use in due diligence to get EM back.My deals we generally put in a long due diligence period that doesn't start until ALL the listed items required from the seller have been received.If your professionals are not helping you with this stuff you really need to think of finding others who have those skills.No legal advice given.    

You'll put less money in and your payments will be slightly lower too. The