I haven't heard of this before, but I recommend fulfilling all your obligations.FHA are explicitly NOT for investors, and I'm not sure if you could have a second, non-family member on title - especially with a split interest.

Now if this site is "legit" and is pulling all of it's information from MLS, $99 a month sounds like a good deal for non-realtor access to the MLS.

It has taken me a full year to complete the interior renovation, but after the appraisal that we just got back we have increased the value over 200K.Looking to gain as much knowledge as possible before diving into the non-owner occupied world.SK

They prefer carpet or hardwood in the bedrooms.You could possibly tile the upstairs bath but make sure to use non-skid tiles with the grain on top to help prevent slip and falls.If they wear down the carpet just use a cheap top carpet with a good pad underneath and it will FEEL more expensive on the feet to the tenant.

The way you could get around the gift issue would be to use the parents as a non occupying co-borrower and as a result the down payment would not be considered gift funds.

Furthermore, I am waiting 2 months after passing to send out letters.I have searched older forums but didn't find much info on this subject (non-probate inheritance leads).

Hey Lawrence,As it relates to traditional financing...As far as I know a NOO (Non Owner Occ) investment property is going to require 20%-25% down depending on the lender.You could however:#1 Get a partner on the next property (ie their borrowing ability + your cash)or#2 Live in your current duplex for at least 1 full year then I believe you can get FHA lending on the next property if you intend to move into that as your primary residence.

We would like to ensure that you have a clear understanding of our rental process up front.We will conduct a credit and background check and contact references as part of the application process.It is important to provide a clear and complete application to make this process as smooth as possible.Please ensure you will meet the following qualification requirements before applying as there is a non-refundable application fee:Stable, verifiable gross income of at least 3 times the monthly rentFavorable credit history - no judgments to prior landlordsPositive references from previous 3 landlordsNo eviction historyClean criminal background check – no feloniesAll applications must be accompanied by a non-refundable application fee of $25 for the first adult and $15 for each additional resident over 18 years of age.This fee covers the cost of the credit and background checks.Again, we encourage you to apply only if you are confident in meeting the qualification requirements.Applications will be processed in the order received, and the fee will only be charged upon processing.If the apartment is rented prior to your application being processed, we will return your application fee.We use TransUnion SmartMove for our screening process.Upon receipt of a completed application with fee, we will send an invitation for you via e-mail to complete the application with SmartMove directly – there will be no additional cost for this beyond the application fee.This process helps protect the integrity of your personal information.

If the LLC pays for the medical treatment, or if a lawsuit is filed and settled, can the payment be deductible since it came out of an LLC?

IncludePurchase priceDown paymentEarnest DepositDue Diligence periodFinancing contingency periodDays to closingOnce you have this non binding agreement signed you can start with a basic commercial purchase and sale agreement that the buyer or seller's broker should be able to produce.