It will be worth it to help you understand landlord laws, local requirements for inspections, and current rent rates and vacancy rates.

For my wife and I, we would enjoy taking 'business trips' to Portland, ME to look for additional rentals or to inspect the units we would own.When I read through most of the BP posts, I see very few references to any markets in the North East.

I will be looking into those when I am closer to completing my broker course.

The home sits on the back of the property, and the driveway splits down the middle.I'm thinking I'll pass on this one, but that strategy may work on some other properties I've seen with houses where the house is closer to the front of the property.Thanks for the replies.

That may or may not be a new build, likely not.The beauty of buying the existing older home is that your inspection will uncover needed repair items and life expectancies of your capital items.

You are 4K closer to your next down payment, your monthly cash flow is greater due to a 64K vs 80K loan, and you have 20K in equity in the property you purchased.

Once you have your final lead inspection and get lead certificates, the lead inspector will also provide you with documentation which shows the cost of the deleading.

When you get the permit and before the first inspection, make sure you have everything else in the house up to code as much as possible otherwise an inspector can call you on it and you have another can of worms.

Still have to get through inspections.

Also, a wind mitigation inspection will determine cost related to hurricane coverage, and they really can't give you a hard quote without it.