Twenty five percent of flood claims happen to properties that are outside of a flood zone, so if you're near one, it may be prudent to get coverage.

Replace it with rubber (lifetime opposed to 10 - 20 years with wax) and you'll be good to go.

You originally "LMAO"ed at my CapEx percent of 8%. 

@Alex Smith late rent is 5 percent after 3 days and 10% after 10.

@Edwin Rajkumar Guidelines from FHA:-  Maximum LTV for Non-Occupying Borrower Transaction For Non-Occupying Borrower Transactions, the maximum LTV is 75 percent.

Details:Property is a Duplex in Wisconsin, each unit is a 2 bed 1 bathAsking price $48K, would be paying cashComparable rents in the area in similar duplexes via rentometer and craigslist: $700-800/monthCosts considered:Rehab @ $15k (probably way off, I'm still learning) - some new flooring, cabinets and doors as far as I can tell currently.Property tax @ $900/yearInsurance estimated @ $1200 for year10 percent vacancy rate10 percent property manager fees10 percent of rent saved for maintenance5 percent of rent saved for capital expenditures3% of price for purchase related costs (inspection/title fees/transfer taxes etc)Calculations:Cap rate (purchase price): 18.9%Cap rate (market value): 13.8%Cash on Cash Return: 14.4%Cash flow @ $749 ($375/unit) or $562 after income taxesROE: 13.4%Rent to value: 2.9%Please punch holes in this for me so I can continue to learn, I appreciate the knowledge here.

You will pay anywhere from 9 to 13 percent interest only payments until you refinance with a bank.  

I am not for breaking any laws, but maybe, there are loopholes where you can have a valid and legal reason to rent the house a few weeks, or a month after you purchase it.I have an employee who purchase a house FHA with 3 percent and he lived in it for only about 3 days.

Houses have appreciated 10 percent a year for the past 6 years in my town.  

Somerville and Cambridge currently make developers provide 20 percent of their projects to affordable housing.