Loan Details: Pre-qualified for a $150,000 30 year conventional loan with 3% down, 5% interest rate, $95 PMI, estimated $100 insurance.

Anyway, I wanted to put a few details out to the community to see if anyone has any suggestions:1.

Let me know what you’re looking for or shoot me your email and I will send you the details on the house, some pictures, comps, and scope of work.

Originally posted by @David Wilbanks:All loans set up on 5 year payout  When you mean 5 year payout do you mean 5 year term fully amortized (aka your P&I payment is sky high when calculating cashflow analysis) ? 

Can your contact provide you with any performance details of other tiny houses in the area?  

They should be able to answer more direct questions and provide a comparable market analysis (CMA) on a property and how the market is performing nearby.

This is why you should account for property management fees in your analysis.

@Abhay SacharWhy are you not showing the renovation cost in your analysis?

Go over terms on the sale you both want to see on a scratch piece of paper .. then give that to your lawyer ..Your lawyer should draft up an agreement and send it to his sellers lawyer . they hash out the fine details and come up with a sellers agreement everyone can live with .everyone signs that at closing  Atleast that’s how mine have went 

So I do tell the buyer all details about the property.