Personally, I would eat the money up front to get someone on schedule asap and work with either the bank or the seller for a credit at close.If there is roof damage, that would be an insurance claim on the current owner's policy. 

The reason being is they can quote you a low rate (too good to be true usually) and then half way through the process or even worst at closing the rate is subject to what it is that day and then they excuse themselves because the borrower never asked for a rate lock or were never aware of what a rate lock is.If you have any more questions I am happy to help.

I considered ordering the lender's inspection/appraisal, but this wasn't an option because the water and electricity are currently turned off, and HUD won't turn them back on until I have submitted earnest money of $2,000.

He wasn't able to write new business but was doing a fine job taking care of his current customers.

Both of our names are on our current mortgage. 

I would tell you to get really, really smart on self-storage, mobile home parks, or something that can be run by a low-skilled employee and pretty hands-off. 

One thing I highly recommend (whether they're voucher tenants or not) is to make a visit to their current residence part of your screening process.

At 8% interest rate with 20% down payment only the PI would be around $2900.I noticed that many investors that don't know the South Florida market ran their numbers based on the current property taxes and insurance. 

All of my current rentals cost about the same to purchase ($215-265K), but cash flow is so different and current house prices are as well ($325-600K)...and the one I spent the most for and cash flows the most, is now the one worth the least (still worth more than I paid for it 3 years ago).

Hi, I bought my 3 Family about two years ago, right now i am currently living in it with 1 unit being renovated and the other unit occupied.