I know it's hard to bend from your rules but it could actually save you a few bucks.

That's a liability nightmare for the inspector.Here's a much better way to spend a few hundred bucks... find a reputable and skilled general contractor and tell him to come give you a bid on repairing the property.

You get so much more house and land for your buck than you do in Florida, and that's usually the deciding factor for people moving here.

Just about every portion of real estate investing today has been regulated, lawed to death, rules, etc. etc. etc. etc. and it has made it much harder for the honest RE investor to make a buck - all because of one or two crooks/idiots in each instance.Today, you can not assign a contract to another buyer and have their lender include the assignment fee in the purchase.

Youngstown is a very difficult place to make a buck.

Carlos,I do not have first hand experience with lease-to-own in Texas, so I can't advise you on that.However, I do think that spending a couple hundred bucks on an attorney is a good investment that could save you thousands of dollars.

(don't apply the landlords 50% rules here, no need for them) 10k down - 8k to bring current is = 2k pocket.....( not great but still pocket money ) $400 a month cashflow +/- a few bucks (this deal is just for illustration purposes) 2yrs later your tenant buyer actually buys the property from you for 10k/15k/20k above what is owed on the mortgage...... 2k upfront $400 +/- a month cash and your choice of the backend.......

Sounds like you need a better agent to represent you.an inspector isn't going to, or shouldn't tell you what things are going to cost, they'll simply tell you the 'condition' of the property and what is or is not in working order.if your concerned with the dollar amount it's going to cost to fix it, get a contractors estimate and then subtract that amount plus a few bucks from your original offer..Also something was told me a long time ago and I feel like it still applies today......if you believe something, your probably right.if you believe your paying to much, your probably right

"motivated seller" in ad titleList: $120,000 (down from 150,000 a week ago)Currently rented @ $1300taxes: $157condo fee: $387 Expenses:95920 @7% 30 years = $6401300 x .5 = 650CF's 10 bucks a month this wayI'm thinking of offering $108000 I know the CF is on the low end but its my first deal in an area with VERY high demand and a captive audience (college kids).

I think they're about $10 bucks.