You have been pre-qualified for a purchase amount of $54,000.00 based upon your income and debt ratios.

won't allow me to provide specific legal advice in the forum context, I'll be happy to do what I can to give general overviews and talk about some of the issues to be aware of in real estate deals.  

These are very significant bumps and very good news for our underwriting assumptions.Bad DebtWe are writing down about $2,500 of bad debt.

It would seem to me that most subscribe to the philosophy that rates will stay low indefinitely, in part because that's the new precedent, but also because the Fed has to keep them low to keep payments manageable on our national debt.

It can throw your income to debt ratio off and make it harder to get financing for the next several years.Good luck with your real estate journey, reach out if you have any questions.

Not sure if I want to start building with that much debt and no commitment.

I also need to go about it in a legally acceptable way so that I am minimizing my risk of lawsuits and liens.

There are only two ways to legally Wholesale in Florida .

So, legally how do I have to word getting rents for the landlord without getting into any trouble and how much can I ask him, I was thinking of asking for last month deposit down as payment. 

Hello BP,I had a bunch of questions regarding LLCs - e.g. liability issues, tax implications of owning assets via LLCs (in-state or out of state), etc.1) I wanted to know that as a first step (with respect to the legal/liability issues) , what kind of attorney should I be contacting for advice?