Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

Any damages (ie nasty carpet) would come out of the security deposit, but if the carpets are that bad then she's no getting the other unit.I'm fine with the extra $20 per month the previous landlord set up for the dogs, but also would rather have extra amount in the security deposit for cleaning up any pet issues.

It was suggested to me that I could use hard money to secure a property and then refinance 3-4 months or so later to a conventional loan.

So I have to do exactly the right thing.In this scenario it might be better to secure the income and then pay off the debt once that's complete.

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

I can confirm what Dawn says, nothing specific about late fees in the WI code.Related: In order to deduct unpaid late fees from the security deposit, you must specify that you may do so in the "Non-standard rental provisions", otherwise it will be an illegal sec. deposit deduction.

MO Safe Act: Unless licensed, no person may act as a mortgage broker, mortgage lender, or mortgage loan originator with respect to a residential mortgage loan secured by a mortgage, deed of trust, or their equivalent consensual security interest on a dwelling or on residential real estate located in Montana, unless the person is exempted from licensing requirements by Mont.

For example.....25% down = $12,500[u]Then what sort of cash reserves/assets would a bank want to see in order to secure this loan?

Here is frome the seller to the agent""Can you please secure a "verbal/electronic" agreement with Wendy today as follows: We (Seller) accept her offer at $78,500 with Seller contributing 2% to her Closing Costs, with $2,500 deposit and closing within 45 Days.

Find a foreclosure, look at the company that secures them ask the workers that do to give you a heads up on anything that looks meets your standards.