Is the seller expecting that your payments will cover their mortgage with a little left over?

I offered $194,000 with the seller covering up to $$2,500 of closing costs.

Hi my bp family .I'm getting ready to start in the real estate world ,I'm going to lay out my plans with you guys an hopefully get some positive feedback .i own a home that's free an clear an getting ready to finish my basement an have it rent out with plans in pulling out a equity or heloc an have the proceeds from the basement unit to cover the expenses which I plan then too invest a portion from the equity on a multi family also I forgot to mention the basement unit will be legit as far as the plan goes I plan to rinse an repeat this method any suggestions,or am I  missing something your thoughts will be gladly appreciated 

(We wanted to sell when we moved out of the state, but couldn't until the market recovered)  We made it work and it was successful enough to cover all our costs and mortgage, but we were not making any money.  

Use a sledgehammer and take it out in pieces. s stayed above, wear eye protection, but also cover all bare skin.

3) Does revenue cover all expenses?

Get familiar with whose insurance covers what.

We are currently rebuilding one property from a fire, so that kitchen is being covered by insurance, but it's been a good learning opportunity for us, and pricing on the same kitchen has ranged from $8,500 to $15,000 at a box store.We have two other properties that we are renovating and upgrading right now, both will require new kitchens and baths.

He said I have 3 options:1) Remove and replace the walls that have the peeling paint.2) Cover the existing walls with drywall (or some other building material) to enclose the peeling paint.3) Scrape and paint.My contractor is lead based paint certified, so we are going with scrape and paint.

You should feel relieved that he is going at this stage and that you have two months rent to cover your time to find a good replacement tenant.I would continue to demand the additional months rent according to the legal contract and threaten to take him to court to collect.