I'm from Jacksonville, what part of town do you reside in? I

I think there is precedent for believing your life is in danger if someone has broken into your house but you should check with a criminal or gun lawyer - Bruce Colodny is one local fellow.I am in Los Angeles - may I ask what areas you are looking into investing in? I

We like to tell buyers that all they need to move in is their toothbrush -- in other words, we've provided everything else.

None of them have been this nice though.I should've added to this post that they were all purchased for less than what they were assessed at and that, plus the condition they were in, is what contributed to my assessment being lowered.

Save some time by making sure the development you are looking in is FHA approved as many have lost their approval in the past year or two.

When you say your going to manage does this mean these units are in the town you live in?I

I just have a strong passion for this business like the rest of you guys and i enjoy every aspects of it.This site and my fellow BP members really gives me the inspiration about this business.I know its going to be hard work but im ready to put the TIME in. I

This is where your liability insurance and umbrella come in. I

The "due on sale clause" is basically "a protection" for lenders.Back in, I think, in the '80s, mortgage interest rates "sky-rocketed" and what was happening, smart people were selling existing mortgages with lower rates.So for example a 30 year mortgage @ 5% relates to a $1,342.05 monthly payment.So if interest rates jumped-up to, let's say 12% in the 1980s, a new $250,000 30 year mortgage @12% would have a monthly payment of $2,571.53.Taking this fictitious example one can see just how powerful it would be in the '80s to sell a house right along with an existing 5% mortgage on it,vs.Selling the same house without an existing mortgage.

If anyone could chime in I would appreciate it thanks.