Hi, Curious to know if the town will throw the book at me if a home is purchased without a CO? I'm working on a quick buy transaction in Roselle NJ. SFR with clear title.

These were my requirements when I last listed a place (almost 3 years ago):Rental requirements:Credit score of 650+Verified income of 3x the monthly rentPositive reference from previous landlordsClean criminal and rental historyMaximum occupancy: 5 peopleApplication fee: 40/adult applicant

I looked at it then he told me it was going to be foreclosed on in 3 days and I didn't want to go through the hassle of redemption and more legal fees. 

Tax write offs – None – instead they are heavily taxed and have substantial on-going fees (fees that are often hidden from the investor until they go to cash out) 4.

Cash-on-cash is your only metric here that may matter, and it's simply for comparing properties side-by-side and asking what the best use of your limited dollars is...Anyway,Your closing costs will be closer to 2% of the purchase price: $5,800 (unless the seller is covering this...if so, good job)Repair cost of $1,000 won't do anything...contractor fees will eat 50% of that...if you are renovating, you need to renovate to drive rents...$4k per unit will maybe do paint and carpet...a few fixtures. 

I would have fired long ago, but I signed a year contract with them and have a $1k early termination fee.

It basically amounts to paying an annual fee and having a set bond on file.

@Anthony Wick haters gonna hate.I use a one-year lease with termination fees.

For purposes of this provision, “diligent effort” includes, but is not limited to, timely furnishing all documents and information and paying of all fees and charges requested by Buyer’s mortgage broker and lender in connection with Buyer’s mortgage loan application.

Also they want to get a condo or a townhouse because its more comfortable and I am here dying in my mind thinking on HOA fees, not having an extra room to rent for house hacking, etc.My brother told me that one of the lenders told him that the loan options would be better if we both are in it (me as a cosigner) thing I refuse to do.