Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

The home possible loan also has the benefit of the ability to reduce/eliminate PMI when you reach 20% equity (if you choose not to refinance). 

Banks choose monthly payments because the nature of people is to not save enough to make a yearly payment.

most leases roll over to be month to month automatically if a new lease is not signed, but if month to month a 28 day notice is required, tenant must still pay for the time they are still there. when a tenant is M2M the landlord may choose to not renew for any reason or no reason at all, many tenants dont get that a lease works both ways, its an agreement between both parties. 

Again, the property is in good condition so repairs could be between 10-15k but I choose $15k to be conservative.Here is the funny part...I’m excited, I’ve done my homeworks, I’m getting educated-strong job+income etc etc but don’t have too much or very low low liquid$ to get into.

We showed him couple of video testimonials from our other sellers (very important to do that) and we also connected him with our Escrow Officer who sometimes helps us close some last minute hesitations from the seller.

I continue to charge the tenants until I have possession, which includes keys.What you could do if you choose to and which is probably better in your case is to complete the walk through and then let them leave. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Good thing that you have photos prior to occupancy, make sure to take after photos and/or video for your records in case these goes to court.

I finally feel ready to get started my family and I will make a great team to start flipping homes. Currently I have been talking to several hard money lenders for money for home and Reno, and I’m concerned about what...