I've seen some have had difficulty selecting property managers (and in turn produce bad tenants with negative cash flow) in Reading, and since I'll be an out of state investor I'm wondering what some of the best PM or PM companies are?

Turnkey would produce better returns than this house and I have a good relationship with a local company.

Hi Karin,The above you mentioned used to be the case with FHA flips that were probably ear marked to be sold to Wells Fargo as one of their secondary market conditions was two appraisals if the sales price was 20% or higher than the acquisition cost when documenting the 24 month chain of title.I understand your frustration, they (Wells) just want to make sure that banks on the origination front do their proper due dilligence with valuation and documentation of the value to ensure that they will not have to buy back that paper from the correspondent lender (unless your dealing directly with Wells Fargo).Its hard unless you ask but if you find a banker who is originating loans and directly selling/servicing their government loans to Ginnie Mae(GNMA) then they may not require you to have the two appraisal and additional procedures because its not necessarily a GNMA requirement but rather banks on the front lines trying to reduce their risk and requiring these additional steps from you to protect their behinds.Generally you may find that on Flips they may need the appraiser to go out and certify that the property also passes FHA's health and safety standards as well so dont be surprised (double strapped water heater, CO detectors, etc).In the past I've had to show excel break downs of work done, invoices, bill of sale's, and others too but that was back when New American Funding sold the paper to WF (not any longer =).

The highly desirable areas of DFW are not producing many cash flow positive deals, simply because market rents haven't caught up with property values. 

Deals are not produced when and where and how you want them.

But it is something to keep in mind for the future if you find that your RE investing produces greater returns than your more traditional retirement investments. 

Kristin,This is normal procedure, but your realtor should be able to explain this to you. 

Present Value is the present value of future payments, this would really only produce the loan amount.

If you are uninsured usually you can negotiate away a large part of the bill to settle it.Medical companies do not want to chase for money they would rather settle in many cases for cash today and move on.Did you go to an emergency room or have a procedure performed at your doctor's etc.??

The agent wasn’t very knowledgeable when it came to investing in income-producing real estate, but she was willing to spend the time I needed to show me whatever I wanted.