.- Investment Location: I plan to invest remotely in Birmingham, AL.

Know what is market rate for rents as well as what section 8 pays.

We do not represent them.And I can tell you, in almost every case we have an unrepresented buyer on my listing....I make more, the seller makes more....and the buyer is probably paying more than they would need to, and waiving things, or agreeing to contract terms that they have zero idea what they mean or is customary.As an example, almost every unrepresented buyer on my listings ends up paying 100% of the transfer and recordation taxes, when customarily those are split 50%/50% between buyer and seller.

Pay attention to the number of times that people have sold the house.

Worst case scenario, I can take control and sell one of his property to pay lender, right?

Theresa Harris - thanks, planning to speak to local towing company this week.

@Michael EdwardsI would ask them for a contract but if this is one of those deals where they pay off the mortgage for equity in the property understand your portion of the equity will be very minor.

You can't say you aren't taking Section 8, but you can say all applicants will be considered as a whole and it has not been licensed for Section 8 in the past and you had no plans to do it.

Any plans to build the family within the next two years?

I have not gotten it appraised but pay taxes for $1.5M.