Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

Actually I've been coming to BP for a month or so now reading a bunch of stuff on the forum but wanted to officially make myself part of the community.

Fake property manager hired a cheap hand (again, no professional certification, no social security number), who did some work but cost damage to the property.

Then add a good umbrella policy for added security.

At the point the down payment has been secured in full they get a mortgage for your asking price and become the deed holder also....Kudos,Mary

Finances: I'd like to secure a bridge loan to get me comfortably through the final push of the project.

Even if you run the economics only out to 10 years and assuming zero appreciation and 60% expenses, the numbers are pretty eye popping so everybody wanted in.I already had a Texas series LLC for Deal #1 so I simply opened a new series, collected the funds, and closed on the purchase.The loan route is not much more difficult once you find a willing private lender, all you need is a promissory note and a pledge & security agreement.

I was trying to get a secured loan for 13k to consolidate some credit card debt.

The seller's social security/TIN has to be reported by the closing agent.

I'm assuming a 3 bd place would cost more than a 2bd place.What about the security deposit?