@Kevin RodriguezYou could also increase the rate a little, do lender paid MI so it doesn't show up as a separate  component of your monthly payment and then get a better deduction on your income taxes.Stephanie

Tax write off is one component of investing but it is NOT the only reason you buy a property.

If the offer is accepted I schedule a professional inspection to verify the condition and life expectancy  of all major components and appliances.  

A bridge loan is a loan that includes a rehab component in it.

to give me an initial idea of what we're dealing with.I have a hunch that the damage will be more than the FMV of the house...I have to believe this is $50k+ worth of damage by the time you factor smoke and water damage, plus electrical and structural components.

This is one of the key components I have learned from developers 30 to 40 years into the business versus my 14 is to assess what it is you are doing, timeline and risk to get to the return you want, and then decide if it makes sense to take on the risk or structure an exit a different way ( or not do the deal at all in any way,shape,or form and move to the next property).  

One of those games is to dial up your depreciation by breaking out certain components like appliances, carpets, concrete etc.

The key component is the title.

with total disregard to the individuals acumen to real estate or financial condition or abilities which as we know is a huge component.. some do quite well paying for these expensive courses and its just like the 1 million member BP club..

well price is one component and interest rates are another..