So here's the combined numbers for both props on a monthly basis.Purchase Price For both Properties: $120,000Gross Income (both properties): $5,965Gross Effective Income (10% Vacancy rate): $5,368.50 Net Operating Expenses: $2741.31- Cable - $50 (it's gerry rigged)- Water - $435- Electricity - $450 (3 months during the summer its $800 a month)- Dumpster Fee - $185- Fire Insurance - $41- Property Mngmt - 7% (I will use professional management)- Taxes: $363.34- Maintenance: $800Net Operating Income: $2,627.19Capital Improvements: $25,000 (roof, foundation, paint, flooring)The owner combines all expenses for both properties because they are side by side.

This required me to go fha but luckily my broker found a place still offering 3.25 fha so even though im stuck with pmi my effective rate is around 4

This is why in contracts it will say something like ( The brokerage, broker, agent IS NOT an expert relative to ( all these listed matters etc. ) and that if the buyer has any questions they should seek the professional out to help them research a situation to make a decision ( something to that effect .)3.

The most effective yellow letter is the one that goes out consistently and repetitive.

Effectively, I will be separately writing a check to the Title Company, with a proportionate % ownership on the title (NOT writing my realtor friend a check..).

Effectively, I will be separately writing a check to the Title Company, with a proportionate % ownership on the title (NOT writing my realtor friend a check..).

That could even effect the value of your unit and other houses nearby - especially if someone sets up a meth lab or grow house.

So my question is this: What's the easiest and most cost-effective way of obtaining the property while still protecting everyone involved?

Thoughts?

@Shawn ConnorsA perfect lease option house is-Good safe neighborhood - quiet street-good condition-payment PITI = payment rentIs the listing still in effect?