@Andrew Martin Since you are using Safeco I am assuming you have these properties covered as either an extension of your homeowners or as a stand alone personal lines non-owner occupied policy?

"Cash" in the real estate realm seems to be a relatively simple concept, but I'm often confused as a newer investor because I feel as if the term is thrown around often but has a different meaning for different instances.

Unless HE wrote the lease (not the seller), it's already problematic that the lease as written gives unilateral rights to break lease on sale to new owners, but not to tenants.To me that's a can of worms if it lands in landlord/tenant court proceedings cuz it can be argued for instance that while the seller was showing the house for sale, quiet and private use were violated with potential buyers in and out often, yet the lease was written up to keep tenant locked in that uncomfortable situation of house/unit being shown, sold, new owners can end lease, but tenant can't do anything about it.Surprised all the fuss over what, giving 30 days notice in advance of lease term?

in today's mail i received both a 'Renewal Offer' and in a separate envelope a 'Notice of Cancellation of Insurance' with a 'Past Due' bill demanding $600 plus $10 late fee.since my policy with Farmers ended April 30 and I was unhappy with their rates, as of may 1 i switched to Amica and was told i don't need to cancel my old policy as it expired.some nerve farmers has to mail a renewal offer yet renew it without my auth and already apply $10 late fee barely 10 days into if i had let it renew.i've had other issues with farmers which i could go on and on about, for instance they doubled my auto insurance premium because my discount affiliation letter listed the dates i was active with the organization but was missing a date it was signed by the officer, etc, ridiculous stuff; suffice it to say, farmers?

If the damage is old how extensive is it??

When we did the clean up of the house after her departure, we discovered she had kept a cat in the house in direct violation of our No Pets Policy and had extensively pock marked the newly refinished wood floors with her stiletto heel shoes.

For instance a 20% down payment, fixing or repairing a property.

@Carlos Gallegos  you have many issues with owner occ  secured loans.for instance in Oregon under 50k there is a limit to the interest you can charge. check state regs and you need to do the full dodd frank tila and all that to be complaint

For instance, I've talked to one guy in particular from loopnet who advertises 25% cap rate and then on the phone he's sort of like "well.. you know... it's more like 18%"  Don't get me wrong, 18% cap rate is amazing, but why lie about something so fundamental on loopnet then tell me something else on the phone?

It depends on the county you're in for instance if you have 50% of your entitlement and you're in pierce county, WA that means you can buy up to 296,125 with 0% down since the loan limit for the area is 592,250 and 50% of this is $296,125 so it just depends on what your county limits are.