The rest is personal responsibility, police, and insurance.

In terms of the funding options for your next deal:1) if you have IRA (Roth or Rollover) consider SDIRA.2) if you have your own business, consider solo401k. you might be able to move Rollover IRA funds into it. also, a better option than #1 above from a taxes perspective3) partner up with money partner4) look into leveraging your personal life insurance policy as a loan (if you don't have one, go get it)5) you can borrow against your 401k at work up to $50k. you pay interest and all back to yourself

The lender is required to sell the property for at least 95% of a current fha appraisal, if the property is upside down, in order to be reimbursed by fha, the insurer.

Selling with a tennat in place will limit your market considerably and generally investors will pay less than home owners.

Operating expenses include water ($480/month), insurance ($150/month), trash ($60/month), and property tax ($256).We'd like to offer asking price at 6% amortized over 30 years with a balloon at 5 years.

I recently went to one and networked with other investors who were: realtors, insurance agents, contractors, etc.

How would advertise my property to future small homeowners and current? 

I paid taxes and insurance.

You also have to take into consideration these expenses:  Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.

There is not typically an inspection clause.....read the auction terms, talk to a rep.....do Not use their title co. for the “free” title insurance, it isn’t really free as they tack on a bunch of junk fees and their title insurance typically has extra exceptions in the B Exceptions.