And, to top all of that off, I searched the internet looking for addtional photos and the asking price has been reduced on the actual realators webpage to $130K.

:It's what the fair tax concept is based upon, of which I am a proponent....sorry if I am too simple...maybe I should find something else to do...One has absolutely nothing to do with the other...and the two financial models are completely different...The Fair Tax is -- in theory -- a fixed, non-negotiable tax charged to a pre-determined party (the end-user).

Comments here are not private conversations, rather to a national membership, HUD governs sales and rentals of all residential properties in the country to some extent and will be a basis for many determinations made locally.

My point here is that we are flexible and determined to do whatever makes the most sense.Help me: Strategically figure out how to leverage, say $40k into our first few properties - I am familiar with tons of creative financing options but I'm interested specifically in conventional financing using our good credit to get started.

The bottom line is I need buyers and I'm willing to learn whatever you can teach me because I am determined and motivated to be successful at this.

Determine the deferred maintenance, necessary repairs, and desired enhancements.

When I analyze the target market to determine the rent or loan payment, I always factor in this consideration; if you do not make it possible for the tenant/borrower to enjoy life by having enough money for an occasional family night out on the town or a backyard BBQ with friends, they will turn into a landlord hater and take it out on your property.Happy tenants/borrowers are great payers and take better care of the property.This has been my experience.

They will average your Net Income over the past 2 or 3 years and that would be how they determine your ratios (Debt to Income).

It is a form of price fixing and market allocation, often practiced where contracts are determined by a call for bids, for example in the case of government construction contracts."

Thanks Susie, All Tenants know where they're Landlords live once they turn 10 years old and have internet access.BUTI've had Tenants leave cash;-( which i discouraged.