(I super simplified this not taking into account reduced interest from accelerated pay down)Example 1:Mortgage 150k (paid down additional 50k) and 50k needed for next downpayment.Monthly mortgage payment $1000 (not including taxes insurance etc)Cash left after 2nd purchase $0Example 2:Mortgage 200k, 50K needed for downpayment, 50k in reservesMonthly mortgage payment $1000 (not including taxes insurance etc)Cash left after 2nd purchase $50kWhich example looks safer?

This new tax was opposed by may Springs homeowners who need additional income in order to afford to live here.

Is this true or is anyone aware of tax savings or reductions when investing in your first property?

Additionally, I saw you didn't have anything on there for CapX, is that because you plan to fix everything with your $15k repair budget?

I learned that the end of December was not the ideal time to purchase a property, as I was not able to take advantage of a property tax reduction whereby a tenant was required to be in place by January 1st to take advantage of this property tax savings.

My question is, do I need flood insurance in addition to my normal home insurance?  

I'm trying to get a solid number so I can account for the additional insurance on my analysis.

No additional penalty fee will be required.Tenant Requested:The Tenant will provide written and proper notice as stated above. 0-3 Months: There is a penalty fee of one (1) month’s rent.3-6 Months: There is a penalty fee of two (2) month’s rent.6-9 Months: There is a penalty fee of four (4) month’s rent.

This is in addition to the search e-mail agents in Northern NJ which are almost always coming with price change on lower side.

The lender that ordered the appraisal will have to release the appraisal to the new lender with a transfer letter and a couple additional documents.