LMAO/hello there tony-Wow from your reply I would say you know a lot about what happens if you spend too much time near the computer.

He looks at what the investor paid, the "rent", and the "payoff" (what they have to pay later to buy it) and does the math to compute the interest rate.

I compute your monthly P&I payment at $1580. 6.5%, 30 year.If you want $100/month/unit, and you apply the 50% rule of thumb you need $1780/unit in rent.

You don't need to leave the comfort of your computer to look things over in TX; here is a list of all the online registry of deeds seperated by county:County TEL# URLBexar 210.335.2273 http://www.countyclerk.bexar.landata.com/default.asp?

Their motems have 4 ports for computers ECT...ECT...

You need to compute what the final interest rate (by combining interest rate and fee schedule) will be and do the same with other programs to determine which offers the lowest total cost of borrowing.The fee schedule + interest rates from other lenders might surprise you...My money is still on FHA for this type of project.

A couple of thoughts:First, never accept partial payments (landlording 101).Second, print the receipts off of your computer.

Computers here.

Consider all your money out of pocket when computing ROI.

I had a file folder (a real one) that I put all receipts in so it was easy for me when I got a computer (back in '95) to make an Excel file for each property and category.I'm an ultra-conservative (financially) guy so I always was concerned about taking no too much, and too high a proportion of debt.