If a project goes over budget due to say a unplanned event for septic or foundation issue will I get less return?

I would say as a new investor I would only go turnkey just because the teams are already in place and the work is already done.

Say as is I would sell it for $7,000, no money down and payments of $200 per month.

So you are saying with decent credit, I should be able to secure financing on say a 300k property with 5% down thru a conventional home loan? 

Let's say, as an example, instead of buying three rental homes @200k, you are able to buy four @150, and allowing you to have even more money set aside for the repairs, or even another investment property, should the right offer come along. 

If its floating then you missed the info and the lender has no obligation as they had informed you that it was floating.Unfortunately there are too many unethical lender how will do and say a lot of things to lock you in, because they know that at the end you will take whatever they give you because you want to close.Good services comes at a price, and sometime a 1/8-1/4 "better" rate is not worth it if the rate is just a mirage and/or the process will be dragged out and painful.Good luck.

(so for example you had $20K total expenses multiplied by lets say a 20% tax bracket = $4,000 back in your taxes)ORB) Calculate your total "paper loss" by subtracting the depreciation, mortgage interest & operating expenses by  your total rent revenue, and that is the amount that is "tax deductible"?  

Owner occ's need NO FORMULA other than making your life better and happy(hence making  your gf happy) I say as long as the payment are affordable, one day the market will turn in your favor for a resell.  

With that, for Example.... with my DTI , I can afford say, a $450 a month ( PITI included ) note a month.

Another person in the class said, “I have seen these signs in town that say “WE BUY HOUSESâ€, what are these?