- GC asks for 15k for the kitchen upfront and then walks off the job you’re out of 15k- On the other hand, let’s says it’s 5k in labor for the kitchen, you have decreased the monetary loss if he/ she walks off the job 3) you don’t get any of the benefits of buying in bulk and the GC maybe marking up materials - set up a Home Depot Pro Xtra account and the GC shops on your behalf and the PRO desk calls you for a credit card over the phone.

I'm going to shop around, I'll report back what I find in case it helps anyone else.  

Maybe I can shop around though? 

I would search for brokers in that area to have them shop some policies for you.

I am a general contractor for the last 30 years and am shopping and educating myself on financing.  

If you are curious about the different pockets and which one may suit your needs, I always love talking shop.

26 year old veteran looking for a local meetup to talk shop.

I got feeling that it is mixed neighborhoods which contains new quality construction and old 1920s townhouse,  For life perspective, there are corner coffee shop and convenience shops,other than it is easy access to center city, not sure what is really good about point breeze?

you pay less when you purchase the house during the winter months. kids are in school, holidays, shopping, etc.but that also applies when you want to flip. i love buying houses in the winter months cause i am the only one looking at them. lol

In other words is the seller or management company "cooking the books".Example.1.Taking money from another account and making the tenants look like they are paying on time and in full to show 100% occupancy.2.Giving rent credits like first 1/2 month off apartment rent,or full month rent off,or no security deposit,pet deposit,etc. to inflate occupancy.3.Retail leased properties where market rent was 18sq ft but the landlord is selling because lease is coming up for renewal and if tenant doesn't get 12sq ft they will upgrade to the new grocery anchored shopping center that used to be 22 sq ft and is now 18. 4.Watch out for pre-foreclosure volume and foreclosure volume for your area.What I mean is when a buyer purchases a distressed property for below market value they can then rent at a lower basis and still make the same or better profit than you.I have seen this first hand.I have seen rents for apartments 2 bed be 650 a month.Then a few foreclosures happen that buyers purchase cheap for cash.They come on the market and rent for 550 a month.The buyers rent low to get the best tenants to choose from and build occupancy quick.Then over time they will up the rents.What this does is put tremendous pressure on landlords already hurting that have high debt service loans.Then those get foreclosed on and a domino effect happens until the market settles.So my main point is don't count on current rent or future rent.I look at where the market is going and correcting to and buy really low so you have room in case the worst happens.This will exclude many properties.If you make great income form other than real estate and just want a tax shelter with pay down etc. then you might look at it differently.