Always double check, do your own due diligence and verification, and be prepared for the worst.

Sorry about the double post.

Often times tenants can sue for double what the wrongfully withheld deposit was.

After that I purchased more land and I doubled my profit on that but I will repeat I can get materials almost for free I am searching for a partner that has a goal to live in financial freedom.

I would assume I am good to go, but will double check with the mortgage company. 

Do your due dilligance, drive around, check comps (both resale and rental comps), and find a mentor or partner who can double check the deal for you before you pull the trigger.Good luck!

Hes very qualified, seems like a great guy.Final numbers:Purchase Price: 89,000Down Payment 25%: 22,250Total Rehab: 30,000Current Mortgage: 560/moWater/Trash: Approx 100/moRents: 1520/moARV appraisal target at least: 140,000 (comps are well above this in Deer Park)Cash out refinance at 140,000 leaving 30% equity: 32,250 returnedNew Mortgage would be: 760/moCash flow: 640/moI could go on for hours about the lessons I learned, the complex story of how I ended up doubling my rehab budget, the countless hours of hard work and heartache.

We just closed on our first SFH (near my hometown) to rent out; have the contract with PM ready to sign; insurance is bought; minor repairs are being done to the home.But we found that the PM requires more insurance than we bought （$1M, not 500k) and so now my husband thinks this was a useless investment, because he thinks the insurance cost will now double (I don't think so, but still waiting to learn about the increase).

This year though through the power of leverage, I want to double my portfolio. to 30 units, will see how that goes.

I paid 206k for this what turned out to be a tear down.. spent 245k building a new home and of course demo  2k sq ft at 100 a foot plus demo.paid cash for house got 10% money for vertical  ( did not have my banking relationship I know have at the time so higher cost money but only pay on advanced funds. )Sold  720k numbers206k + 245k + 20k cost of capital  + 5% commish  36k + 10k misc =  517k all in say 520k (720K) = 200k net profit... double my money cash on cash one year.. pay tax of 60ish and net 140k after tax.Not bad...