They countered me at 45k and I countered them at 36k with 5% Commissions and 3% concessions which gave them a NET of $33,120.

I have seen buildings where there were gas meters for each unit, but those meters only supplied cooking and the hot water heater.

But I'm concerned that the 203K program puts me at a negotiating disadvantage because it draws the process out and banks want to move these homes quickly and with as little conditions as possible (let alone financial ones).

The 3rd unit can be labeled a Granny Flat( no Stove/cooking built-ins).

In Cook County, Illinois ,the eviction process is anti-landlord.

Have buyer put a $10k deposit down at close, rent to me at a positive cash flow of approx $200/month + put an extra $200/month toward the principal of the house.

:lol: If you can find your way up to Los Angeles, you should join me at Rosie Nieto's RE investment club - The naked real estate investors club held on the second Wed of each month (coming up this Wednesday!)

If you have any other title insurance questions, feel free to contact me at any time.

For everyone who has no clue what I am talking about I am sure you can find it on this forum, but what happened was that I was asked by my Uncle to sell his properties that he had in Arizona which were not owned by me at all.

Please feel free to correct/enlighten me at any point:1.