For example - You acquire a NPN note in $60K while the UPB is $120K.If you insure per UPB, does it matter if the house BPO is under or above water (meaning, per the example, if the BPO is $100K or $150K)?

The other issue with the septic systems was that the leach fields were dry after the inspector flowed water to them.

One furnace & one water heater operate all three units. 

Be aware... many turn-key providers are selling homes above what they may appraise for and you may have to bring even more money to the table to close the deal.

I am tired of the maintenance of it and the constant sprinkler issues to repair, not to mention the water bill in our drought afficted area.

Creative financing is an alternative but there are sharks in those waters.

Offer : 239KDown Payment: 47800 20 percent Closing costs : 5000 Monthly Mortgage : 1013.00 per month Property Taxes : 3446 per year / 12 = 288.00 per month Current Landlord pays for water : 275 .00 a monthProperty already rehab no forseen major cap ex within the 4 to 5 year mark. 

In an area that received 40" of rain and many homes got FEET of water, this was a good deal less.

Try to buy with financing first- My commercial lender gives my investors and I 80% LTV... so you'd only have to come to the table with 20% down.

So every 20 years you can replace your roof providing you don't have replace a hot water heater, furnace or carpets or cabinets.