Once you have a feel for things start writing offers, educating yourself is all good and well but it's too easy to fall into the trap of thinking you just need to learn this next strategy before you buy that first property.

Finding a lender trapped by an old insurance policy into paying a fixed rate and at the same time forced to lend at a lower rate due to market conditions is like finding fleas on an iron dog.

Some folks will pay the contractors in sections to keep them motivated/honest.

To clarify, the house isn't in section 8: the tenant is.

People get trapped in a loop of podcasts and books and sweating if they should use a 7.9% or 6.3% vacancy factor.

The traps in the basement storm drains have rotted out and there's a back-flow of sewer smell.

What are the pros and cons of investing in Section 8 rentals in Alabama? 

Hi Bruce,Yes, and flush the toilets and run the water in every drain, including floor drains.Open the windows for a while to air it out.The water evaporates in the traps and sewer gases fill the house.Don't light a match or smoke inside until the house airs out.Also be there when the water comes back on and look at, and listen (at the meter) for leaks.Good Luck!

There were several times worth of toilet clogging and unable to flush (the plumber found a toy in the P-Trap and newspaper the other time).

I will agree to $94,500 AFTER buyers agent commission is paid *and* I'll pay for the Wood Destroying Insect Report.That's $97,500 total @ 3%.