I just ran the quick Redfin calculator with 3.5% down.Mortgage $1612/moProperty Tax $400/mo (maybe find another area since i've see property tax usually around $200/mo so might be some melaroos type taxes in certain neighborhoods)PMI $224/moHomeowners insurance $99/moTotal ~$2335/moWith 5 bedrooms, try to rent out the Master ($600/mo) and 3 other rooms ($400/mo/each) and you can cover most of your basic expenses while you live in the 5th room.  

also missing a cover- Smoke/Carbon detectors repair/replace needed - Sheetrock to be installed above boiler in attic - Rusted main sewer pipe - Sump Pump needs to be repaired - Master Bath Tub and upstairs hall bath sink slow drain, loose Toilet, broken vent, missing light bulb - Laundry Dryer venting replace for ribbed exhaust vent, missing GFCI- Windows - some missing grill, some hard to lockShould I be worried about some of those items?

Both have their own formulas to learn and master.

I would check water responsibility too as I know some older builder down there are on one master meter which you could potentially change.

Care to share your experience working with a Master Lease Agreement (with purchase option) deal?

Purchase price: $140,000 Cash invested: $60,000 Sale price: $263,000 Great remodel with a fresh look and added master bedroom

This post is kind of half asking for advice and half giving you my master plan and seeing if my plan sucks.buying a new house and plan on renting my current car be out.

Cosmetic updates including full kitchen gut and updates, consolidate obsolete extra closet and undersized master bath into large master bath, finished empty basement into extra living room, etc.

I also want to master foreclosures.

This home had the master bedroom for rent in, three weeks into moving in the landlord placed the house for sale which gave me the opportunity to speak directly to him and come to the agreement to sale me his home.