I asked for a POF and that document looked very fake, altered. 

**This does not protect you by being able to file a claim if they trash the place beyond what the deposit will cover**  It is in place to notify the owner of the rental if the tenant stopped or altered the renters insurance so the owner can take corrective action.  

Can't believe I didn't translate that thought process to acquiring rentals.

That translates into a tax savings of around $50 after fees.

(Take it from a Mathematics degreed, NASA scientist).You can not take a small sample from a larger environment with a specific set of characteristics and group them into one audience and then conclude that BECAUSE of the characteristics you have seleceted you then project that characteristic over the entire group.Duh.. that obviously doeant make sense.Let me translate this into English.You have a bunch of apples. some red, some green some yellow.You take all the red ones away and place them into one group.

That translates to me as "definitely needs $10k and probably more. 

I am ALSO an IT guy... you will find that your analytical skill set will translate well into analyzing properties and neighborhoods.BP has a tremendous amount of information to help you, but it is only available if you seek it out.

The principal does not have to be paid back in that manner and the manner in which the principal is paid back can be altered according to the involved parties.

I know that almost every day I am on a job, I could make a partial day of work for myself either supporting subs or dealing with materials or making small repairs/alterations that would prevent a sub call back.

Some people say to execute the note, complete the short sale, then alter try to negotiate out a small percentage pay off, since the note is now unsecured.