I'm using FHA financing and everything has gone extremely well... until now.Despite asking my mortgage broker on multiple occasions if I'd need cash for anything in addition to my down payment, inspections and appraisal, he has just informed me that I need 3 months of reserves (about $3,500) in my checking account at closing.

If you took the title but you reinstated the 1st and made payments, it is extremely rare that they would do anything.

The only time you should skip contingencies is if the property is extremely discounted and you know it needs major repairs going in, maybe a flip or a cheap foreclosure, otherwise always do inspections.

For me, I felt noticeably different for several months and have no side affects today after extremes short term exposure.Needless to say, I'm a big advocate of CO detectors being prevalent in the house and being wired in with battery back up.

I think this too is extremely helpful because trying to communicate your thoughts and ideas from your mind can be difficult especially to a GC or a sub.

I didn't say the loan proceeds would be taxable, although there are some extreme cases where it could be, I said the interest may not be deductible.I'd start with a good conversation with a CPA familiar with the regs.

Hi BP, When analyzing an investment property 3 numbers are extremely important along with others; 1.

Figure $2500 in costs, and you pay off your existing $80K loan (yes, its paid down a tiny bit) and you'll net $22.5K (plus that bit of paydown.)

Assuming it was tempered glass, it should have spider like cracks everywhere and broken into hundreds of tiny pieces.

I moved into this tiny condo in SLC which was much more of an adjustment then I ever expected.