That isn't accounting any $ in the budget if there is any issue with foundation, roof, HVAC, exterior paint/siding replacement, or anything else.If you were to buy at a purchase price of $95,000, after back end realtor commissions and closing costs you might make a $2,000-$3,000.

Hi Account Closed, Welcome to BP and to REI!

I am trying to complete the application for Trade Name and on question #4 its asking me, Do I have a personal property account ( " L " number) and if no it's directing me to complete an annual personal property with the State of Maryland Assessments and Taxation Department and I have no property to report at this time.

Account Closed That sounds great.

HELOC can free up the additional 10-15%, but comes with a price (fees, higher rate, higher risk).It may take a while to save another down payment on annual positive cash flow from 1 property, depending on your numbers.  

If you do a 3 year term and you have a tenant who actually takes you up on this offer at max every month, it would still only be (300X36=) $10,800 which you have already accounted for in your price spread.

Lol, no Account ClosedYes i am not sure why the woman is still paranoid, still i did full research on the property, there is no back taxes or liens.

I just upgraded to the "pro" account, I'm absolutely amazed and also a bit overwhelmed as to how much info is on this website. 

Account Closed Thanks for sharing!

These costs could take your profits if you don't account for them.Best of luck!