Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

For those with coverage, whether an occurance of it is covered would be based on how it occured and did/should you have knowledge about the potential for mold.

If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

The fire hydrants don't work, the "water lady" who gets paid $750,000 a year to turn the tap on didn't do that, and on and on and on.

Every month, property 2 has been paying most of the mortgage on that Property 1 home equity loan.

They put on a good show, but don't buy in.

Now my question is; is ~$2450 rent enough to cover mortgage of $320,000?

It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties.

However, this is not specific legal advice to you, just an opinion based on the circumstances described.  

In my area, U&O inspections are done on every sale and varying rentals from annual to just on turnover.