It deals extensively with creative financing, which, if you want to buy a million dollar property with no cash and no credit history, you're definitely gonna need.

Then you get the rest in 3 or 4 construction draws.So you really have to make an extensive spreadsheet and plan out your cash flow MONTH BY MONTH, making sure to include all the carrying costs, including loan interest, utilities, property taxes, insurance, etc.  

In short, the whole bathroom will have to be redone.iii) The common bathroom has slight water damage from leaking end caps, but is not extensive and only the dry wall will have to be replaced.  

This topic has been discussed here on BP Forum extensively in the past. 

And don't bat an eye lash at it. 

My offer was a 15 day close, it took just over 30 with 2 extensions, both due to Fannie not me.

Granted, this was not an extensive search, I just took a quick snap shot of a few markets but most of these were listed on "turn key" websites.So, the example above would be a 60k purchase price, 20% down of around 12k plus costs, rent of $1200.  

I can understand that you are probably attracted by the potential big $$ profits, but it does not sound like this could be a good deal for someone who does not have extensive experience with high end homes.

Your seller has a contract with his realtor, and by extension your realtor.  

I've been happy with Cozy payments thus far - just make sure tenants set it up before the last minute.I did extensive research to find a good tool that integrates online applications and background checks, and got rent collection as a bonus as well.