The rest is personal responsibility, police, and insurance.

In terms of the funding options for your next deal:1) if you have IRA (Roth or Rollover) consider SDIRA.2) if you have your own business, consider solo401k. you might be able to move Rollover IRA funds into it. also, a better option than #1 above from a taxes perspective3) partner up with money partner4) look into leveraging your personal life insurance policy as a loan (if you don't have one, go get it)5) you can borrow against your 401k at work up to $50k. you pay interest and all back to yourself

The lender is required to sell the property for at least 95% of a current fha appraisal, if the property is upside down, in order to be reimbursed by fha, the insurer.

Operating expenses include water ($480/month), insurance ($150/month), trash ($60/month), and property tax ($256).We'd like to offer asking price at 6% amortized over 30 years with a balloon at 5 years.

I recently went to one and networked with other investors who were: realtors, insurance agents, contractors, etc.

I paid taxes and insurance.

You also have to take into consideration these expenses:  Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.

Smaller properties are more stable in that people stay longer (traveling professionals is who you should be marketing to), they are less seasonal and maintain rates year-round, and even if they do get trashed or something gets stolen its a lot smaller recovery cost.

There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.

I don't get why this helps--if you get title insurance AFTER bidding, won't the title insurance still cover all the leans/unpaid taxes?