I agree Buyer is entitled to any profit that may ultimately result from the subsequent resale of The Property. ________ 15.

What is the biggest draw back?

The specifications, drawings, contract documents, and permits must be made a part of the sale transaction.If you wish to work as an unlicensed builder/remodeler your only alternative is to own the house until the work is done.Lot's of people make money buying and fixing, then renting or reselling property.

She will learn some valuable people skills, you can pay her a management fee (start a Roth IRA for her) and so on.If I had any advice it might be to get a qualified attorney to draw up the lease, consult your insurance agent for all needed protection (including an umbrella policy if you don't already have one), screen the roommates, and if she rents to friends she may lose them due to her 'manager' status.Lastly, what is your exit strategy?

Many people who bid in the nicer counties like Howard County just go by the assessed value. 3) In Maryland you do not have to pay subsequent taxes until you foreclose and then you need to pay them in order to record your deed. 4) In Maryland all mortgages and debts against the properties are wiped out in the foreclosure process (except IRS liens).

The project from drawings will appraise foe 5 million.

There are an increasing number of condo developments where higher assessments are imposed subsequently...

They are active buyers2) Your local city housing authority (they will have a list of landlords advertising their section 8 rentals- look at the zip code and contact these individuals to see if they are interested in buying another great rental home for their portfolio that is just remodeled.3) Signs in the yard describing a great deal, home and price will draw attention as well, however I personally prefer a banner sign.

With only one major highway going into and out of the city this town of now over three hundred thousand is alive with a buzz of international tourism, drawing huge numbers from the US and Canada as well as a growing European influx.

If I were in your situation, if you have no assets I would get a HELOC to draw from.