In fact, he is one of the main reasons I've changed my views on "debt" - lock in fix rate debt attached to high yeilding asset (rentals).

My operating expenses are mainly water sewer garbage.

It's possible there is a negotiator in the middle, but if there is, he hasn't been mentioned.This property actually wasn't on the main Atlanta MLS (there are two here and some brokers are too cheap to pay for both), which I guess is why everyone was excited when we made the offer on the last possible day and why the bank is being more negotiable.

Mainly because the replacement values they estimate are way higher than the actual value of the property.

The lender policy covers several things but the main thing it does is insures the lenders lien position.

Not sure this is in the right forum but, I finally finished my remodel after a little over a year, mainly worked on it in my spare time/weekends.http://specialtyceilings.com/wordpress/I bought it for 22k and put 8.5k into it.Hoping to rent it for 750-800.I have some before pictures somewhere, i'll try to find them, but basically new everything except roof.Let me know what you think, this will be my second rental.

My advice would be to study the main areas of RE investing and see which ones you most resonate with you.

The main difference if it is a property held for investments is that the short term capital gains rate is your effective tax rate which can range from 10% - 35% but a long term capital gains rate is 15%.

Also, I mainly need a realtor that understands ss investing so that they understand what is happening when I ask them to list a property for sale that I haven't yet closed on.

The MIL suite had 1bd/1bath, living room, dining room, and kitchen.