If you can afford then I would include a bonus of say $1,000 or $500 dollars if he finishes the work ahead of schedule.

I had talked to a real estate agent about it, but have not yet made any offers.My OWN desire would be to get it for about 135 to 150,000 --a 150 mortgage I could afford, with only a little out of pocket each month.

I talk to hundreds of investors every year who: [list]Have been thinking about investing Have been reading about investing Have a friend who had done well investing (The elusive friend) Are saving for a down payment Waiting for rates to go down Waiting to finish their real estate course Waiting for their mentor to tell them to buy Waiting for summer (insert any season) Waiting for the market to straighten out Waiting till they can afford it Waiting till they get a promotion Waiting till their friend or relative can partner with them Trying to read just one more book Waiting till they buy their own house Waiting till they get a raise Waiting to graduate from college Waiting till their friend or family member becomes a realtor Waiting to be married Waiting till they contribute their maximum to a 401k Waiting till they get done working on their own home [/list:u]Then after giving me their excuse for waiting they ask [list]What happens if the toilet gets clogged?

I can basically only look at multi-units since the swedish laws makes it very easy to get a loan for one-unit/family houses and these are really hard to rent out - the result is that people who can afford to rent one-unit houses always buy 'em.I know, and understand the basics of cash flow valuation models and that net income is most important.

And landlords became very rich last couple years :D Here in Ukraine operate many int companies: Colliers, Cushman&Wakefield and CBRE (via assosiates), LaSalle, Knite Frank and market looks very affordable.

But here in Seattle I can't even afford to move out on my own on 40k.

Even if you could afford all cash down so you have no mortgage, you still are left with taxes, utilities, management, maintenance, vacancy loss, and the list of expenses goes on and on.

Make sure this will be enough to afford that new A/C unit next summer ;) (my luck, the AC would go out in the winter, go figure.lol)-if the property is any decent size, maybe 1ac+, i would look for the following: wetalnds/ floodplain, utilities, buildible terrain, etc.

I started a non-profit community-development corporation which does affordable housing (new construction and rehab) in Chicgao.

Since these loans are a smaller amount, $10-$50,000 they are more easily affordable than the first mortgages that the banks sell.