Also, jewelry is typically a set max too; however, they can get a rider on their policy and get an appraisal if they have jewelry that exceeds the amount the policy covers (which is typically $1500 or $2500, but policies due vary, so will need to confirm).Finally, when purchasing a policy, I recommend doing an extensive inventory of items and if at all possible, taking pictures of those items.

I use L/O's to sell because you retain more control than a mortgage, I personally wouldn't use them to buy.What works best will vary by state big time, though.Saying all that "A confused mind will always say no".

Based on the market for a solid starting point Im looking at around total budget of $40-45k to purchase and rehab a place that puts out about $550 per unit at $1100/month.I would be paying cash, yearly taxes vary from $1800-$3000/year.

Just left the Army to pursue my degree with the GI BILL and looking at getting a duplex at first and then a few more as funds become available.

It is a very "small town" where there is literally about 1 degree of separation from anyone you meet ;) As for properties with low/no down, I belong to a local investor group and there is currently a couple selling a SF rental with a current tenant at $700/month for $64,500 and offering to carry the financing with 10% down.

I know it probably varies, but what are the typical MLS dues monthly ??

@Gary Hurst to some degree it's a question of risk and goals.

The interest rate will vary depending on which day you lock in.

I live in LA too (Venice Beach) and my degree is in AE.

Scenario:Investor purchases building in North Miami in fairly dilapidated state.3200 sq ft block construction with no doors, windows, electrical, drywall etcAt time of closing investor is informed an additional $5000 is payable to Miami City as a 'bond' and the property must be fixed up within one year.Repair quotes for property vary from $110,000-$180,000.Investor flies in contractor from interstate who rehabs entire property with everything meeting code standards, for total cost of $35,000.