Those other bills are "optional" and don't jeopardize the roof over your head.

That's $300 in lawn care ($25 per week to mow), $900 in mortgage, 1/4 of the annual tax bill (guessing here) $300.Holding Costs = $1,500You're now up to $31,500 in associated costs to the buyer.

I hope you can find a good association to get plugged in to.

They're an hour or so away from the place, and I was heading that way anyway.

Hey everyone, over the last two years or so I have been trying my hand at wholesailing with no real success, now I was at one point in time one of those newbies who was gullible enough to believe that you don't need any money to invest or wholesale or any other thing associated with real estate, which I have learned over the past two years is just not true.

I still think he is a bit young to grasp the concepts associated with rehabbing and reselling an investment property.

I once owned land in a gated community run by a property association.

Tom Lafferty Oh you've got your sights set on bigger things...my lil old mind could wrap my head around a regional meetup, but that would be fun nonetheless!!

In one town near me they require a rating of 3-A: 40-B:C, so I just use that type everywhere now (other areas likely to copycat, and the few extra dollars upfront aren't going to kill me).GFCI in all areas where water can be normally found; bathroom, kitchen, laundry, garage, all outdoor outlets, etc.AFCI in bedrooms (mandatory by code in some areas).Address numbers on the house that contrast with the background (how will 911 find you otherwise).All bedrooms MUST have a window that goes to outside and is sized to allow for a person to escape.Locksets - no double-keyed deadbolts, where a key is needed on the inside as well as the outside (I only use those locks during rehab, where nobody is supposed to be sleeping).Railings and handrails.Identify the water shut-off valve by the water meter so that the tenants know how to shut off water in an emergency.That's all I remember off the top of my head ...

I'm still trying to wrap my head around the exit strategy - that's why I'm curious if anyone has done it.