Once that’s established, the lender will reduce that amount by another 25% to determine qualifying income.

Once you bought it for $104k, try to appeal and get your property tax bill reduced.

The banks want talk to you unless you are a bulk buyer of REOs.

@Mike WebbYou said it's not a "home run" but most successful investors have a lot of base-hits and doubles that make up the bulk of their "great success."

Las Vegas has had a run up because of legislation slowing the foreclosure process thereby reducing visible inventory.

At another sale a pizza shop owner paid for a property with bulk US coins as partial payment.

If you could sell the lot next door, use the proceeds of that sale to pay down the principal some and refinance that amount, thereby reducing the payment, it would probably be a good deal depending on the value of the lot.

There's no follow up to buy another kit at some blah blah reduced rate of whatever.For the family members who were intimidated by the process, and REI stuff in general, this program helped them get through the hesitation and take action.

They are trying to slip in extra profit without the bank knowing it by reducing the offer price and putting it on the buyer side.

But I would not worry about environmental testing.Seeing that you have a similar size property already that 1 maintenance man can handle, would be go with two at the beginning and reduce that to one after the deferred maintenance is caught up.