You also will have closing cost both sides, holding cost and unexpected cost to figure in, along with the purchase price.

I was surprised to see your name attached to this post (not sure I remembered you buy out-of-state).

Im guessing a value in the 40's.It's small and doesn't need nice stuff, so the rehab costs are fairly low for that kinda job, plus the Sheetrock is down so there shouldn't be any surprises.

I've been reading day and night on the forums for weeks and there is such a wealth of information and such good advice, I was so surprised to find a place with so many helping hands nurturing new investors really A great place, anyway hello everyone I look forward to meeting

I was surprised to say the least.

I've been told Woodbridge is cool, too but I've also heard some of my friends' friends getting mugged in Woodbridge...not that that should be very surprising

Since I'm buying a home as well as investing I'm making sure I get exactly what I'm paying for, hopefully keeping nasty surprises at a minimum.Thanks for outlining the expenses for me, I'll post back in a bit with what I find.

I also have clauses in my contract stating that it must be a good marketable title with no liens or encumberances amongst some other contingencies to provide an escape just in case something unexpected arises.Should I be contact the title company right now and having them do the title search, etc.? 

I also have clauses in my contract stating that it must be a good marketable title with no liens or encumberances amongst some other contingencies to provide an escape just in case something unexpected arises.Should I be contacting the title company right now and having them do the title search, etc.? 

I was surprised to read all the ways to make money in Real Estate..