I then divided the amount per item by the number of months of life left in them to get a CAPEX cost per month.I recently read an article by Brandon Turner on why sub-$30K houses will never make you money and he had put together a similar analysis on projected costs.Cheers,Helen

with self-employment money before you can buy a house. that  'm not sure about Dallas, but here in Colorado Springs and Denver where we work, the markets are kind of flat right now, so waiting a little bit to buy probably wouldn't change what you can buy too much.

You are investing a lot of money and don't want to end up with a lemon.

The 16% ROI includes the loan pay down after year one coming from the amortization schedule along with breaking out other ROI considerations. 

Many hard money lenders (HMLs) tend to avoid properties with significant fire damage, unless the damage is minor or limited to a small area. 

I know there are hard money, and private money lenders, but since it's my first purchase I don't think any of that will work for me.

For example, I know that Lima One will waive a property's seasoning period if you use them for both the initial hard money loan and the longer-term DSCR loan.

Another thing to consider is that large homes in my area are expensive so we will most likely not have a lot of money after the sale to rehab kitchens, bathrooms, and more from scratch.

Hi my name is Rodger Renter, And your unit is filled with mold that is making me sick.I am aware the mold is here and continue to live with it, but you need to pay me to live here due to my illness from it.I'm not interested in moving to a new unit, but I'm very interested in getting some money to offset my sickness that you are moldy-unit caused- despite the fact I could have moved out when I found out about it.

The reason for selling is because the home has been a money pit (major tenant damage) and a revolving door (tenants leaving).