Its a full-service marketplace that purchases under-market properties, manages the renovations on your behalf to get them rent-ready and then manages the property for you for the first year post-closing and beyond if you need them to.

So I was thinking of a $100 increase to cover the $50 mtg rate increase plus $50 to get close to market price.

The str will close before the land sells and then I would like to recast the loan to pay off a portion with the land proceeds.  

Originally posted by Ivan Jouikov: 6) Meet with highest bidder and take a non-refundable deposit (specify this as a "condition" of the bid auction). 7) Close.

You could also look at delayed financing if the value is close to 110K. 

Those fee should be standard across the board and be the same or very close to the same for whatever you build.Next you need to understand that usually the larger the property the cheaper it gets per SQFT.  

From my perspective, the new builds are so competitive with both the prices, closing cost assistance and rate buy-downs that they are a clear choice for anyone looking at turnkey options. 

If your wife is comfortable living close to other tenants you can get some low down payment loans and have the tenants cover most if not all of the mortgage. 

, through referral from friends who knew we were buying houses, at the closing table buying one house, we asked if they had any others, and more than once the answer was "Yes" and we bought a second property from the same seller!

A cash out could very well be 50% to 70%, (or they may not do cash outs) depending on the lender so you'll need to ask and shop  around.Each property must be appraised and title insurance obtained on each, so you're not saving much in loan costs except they may close as one transaction, filing fees will be applied to  each property as well.