(in that order)It's a 3 bed 2 bath 1800sqft house with an extra large living room and a small craftroom/office thing.

David MidgettI just negotiated 5points and a once off fee of $3000 For 6 months and if we go over the 6 months we pro-rata the interest to an amount of $400 a month extra.

I also bought a house in Memphis, TN last year, same thing, Home Inspection and Appraisal.A little extra advise, don't fall into the trap of a "hobby" Real Estate Investor.

In back yard there is a back slab porch area where the basement walks out and then a small in ground pool.In the back there is woods past the pool so no extra yard unless the pool is filled in.

The truth of the matter is, I have no legal or IRS issues with this approach, which has been confirmed by several attorneys and CPAs.

Truthfully, you might want to consider what investment types your company allows.

He charges $100 extra for the tile, but doesn't charge me since I give him so much work.The only negatives are that the price is cash only and he's usually booked a couple months in advance.I don't know how he makes any money as he is there for about four hours and has expenses for materials.

Assuming you can get an appraisal at the price you're purchasing (not ARV - if you want to borrow against ARV, you will have to find a HML or a broker who lends from private investors), some banks don't do small loans or charge some extra points for loans less than $50K etc.If you have fewer than 4 mortgages, one bank to try is Regions Bank.

One of my tenants who has been on time like clockwork with her rent for over two years recently had a payment lost in the mail - at least this is her story and I really think she's telling me the truth because of her payment history before and after this incident.The problem is that she pays every month with an AMSCOT money order, so she's out the $750, I don't have it, and she lives paycheck to paycheck and can't afford to make it up - at least not all at once.

Its going to be a duplex/triplex that I live in, so if I could pay $200 and change a month extra to be done in 11 years, I'd be willing to believe I can make that happen.