For my own safety, I ensured that my payout was recorded directly on the HUD statement and was paid by the closing attorney

Building and safety codes are absolute and appealing an actual code violation is very rarely successful.

. $100/month won't even get you a reasonable safety net for your personal finances, much less anything to invest in real estate. 

How can breaking out concrete above your head be safe including a structural safety to the building.

(assuming I had a mortgage w/20% down)I'm looking for a simple basic guideline.One formula someone told me:If you can break even with 20% down, and a 10 yr mortgage after all expenses.Basically the house would be paid off in 10 yrs.I do feel I "need" to buy so unless it's a very good deal, I can sit and be patient and if I miss it, thats fine.Any guidelines or input would be greatly appreciated!

Closing I THOUGHT went flawlessly until I got a call from the closing agent later that there was a tiny glitch, so I have to really tip my hat to Ted Akers for being patient AND Rich for running around to fix things.THANKS BP!!

article_id=35I'd say the most important thing is to be patient and find good tenants that will not only pay on time but take care of the property.

Safety, crime, vacancies, etc...Thanks so much in advance.

Don't be rushed into a deal, be patient and you will find a good one.

Yeah, it's worth way more, and you'll make your investment back quick... but I gotta tell you: what kind of price can you put on safety, economic security, and financial independence for you and your family?