The trustee sale inventory is pretty low as well at 901 for Maricopa County as of this morning with these 901 loans attached to properties (some 1st, some 2nd liens) being auctioned over the next 90 days.I would never presume to know if, or when a market correction is going to happen. 

. :)If I had only read a bit further before we put an offer in on a potential rental, then I could have saved us some heartache.Wrongly, I presumed, we would have financing in place.  

Start with one (presumably the one that needs the most work) and go through the entire process of 'rehab-through-rented' with it before continuing on to the next.

I know plenty of people who take that risk because they presume the lender will overlook it if the monthly payments are being made.

It's all in the numbers...Lets do some imaginary math on a $100,000 purchase with a $50k ARV spread...Say closing costs to buy are $3,000, and to sell the house once finished your closing costs are $7,000 with commissions and fees presuming you are paying a realtor on at least 1 side of the sale.  

Presumably, she went to a doctor but is unclear communicating to the PM what "type" of doctor and cannot produce any documentation that shows whatever it is she has AND that the home is the cause.I told the PM to have a professional mold restoration company go out to the home and do what ever testing they need to prove one way or the other.

I presume doing that work well is also key to your ratings and feedback.

(My question for BP people in America is what are the general tax rates you have to pay, and I presume this varies from state to state.)

No matter how you try and wrap your mind around it, if you're not going to be there, you're biggest risk will be trusting the other person on the ground, presumably your contractor, to ensure everything goes smoothly on time and on budget.

A credit for repairs would be Fannie Mae spending up to $7000 to repair the property and presumably accommodate financing on it. 3) This is more than 6% credit.