However, lumping in a large number upfront can also decrease the COC return, which many investors are looking for in the first year or two (of course until your improvements increase the property's top line numbers)Bryan: I certainly see the validity in approximating the cash outlays over time on a monthly basis against the property's revenue as another approach.At the end of the day, financial modeling is in many ways an art just as much as it is a science.

If you did not have a valid reia club in your area, how would you find rehabbers?

Your fire point is actually valid and I didn't really think of that (but I did think of invisible mouse traps and I am pretty sure no one else would have thought of that).With that being said I would send a couple guys from your crew over to screw some plywood up over the easiest opens to break in with.You may even want to get some cheap battery operated motion sensor lights that may scare them if they see the lights turn on.

You will see a deed conveying the property from old owner to new owner, with whatever warranty is stated in the deed.

Using a contract without fully understanding if it is even valid/enforceable in your state can lead to serious consequences.

Quite frankly, like any marketing piece, a 1990's look with the right message to a targeted audience will deliver 100x more (amount is an exaggeration to prove a point, I have not actually documented the validity of that statement (-:) than an awesome design without any thought to the above questions.Give me a shout if you have any questions.

So I was figuring approximately $2,000 in selling costs to be paid by me when I purchase the property, and $2,000 in closing costs when I sell the property to the buyer....it appears it is more like $5,000 once I factor in the back taxes owed by the previous owner.Here is my breakdown of costs:Purchase costs:Inspection: $300Survey: $275Sales commision and misc closing fees (title search, processing, recording): ~8%= $800Back taxes of $980Total=$2,355Selling Costs:6% of sale price ~$40,000= $2,400Home warranty=$400Total=$2,800Total Closing Costs= $5,155Please correct me if I am wrong, but do I not need to pay the selling costs for the lender if it is a foreclosure?

For now, it is our primary focus.We are using Installment contract for warranty deed and default % is extremely small.

I didn't mean to pop your fantasy, maybe you could do a little break even analysis on the subject and come up with that single loan amount, I thought that was a valid question.

The home we inherited does not currently have a mortgage on it.We are looking at refinancing our primary residence, and I'm thinking there will be a tax benefit to shifting some of our debt to the rental property, but I was hoping someone on this forum can validate or disprove my thinking.Every year we end up paying the Alternative Minimum Tax, which makes a portion of the mortgage interest on our primary residence non-deductible.