Your purchase price and construction costs will usually far exceed anything any HML will charge.

Of course we get the FHA loan or use conventional to avoid PMI.

Next,  you will create another invoice for the rent due because the tenant's check bounced and on that same invoice you will bill the tenant for the bounced check fee that the bank charged you because they made you receive a bill for what they did and therefore they need to pay you back. 

Hi BPers,I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total).

The attorney explained how he is seeing an explosion of service animals at his client's properties, except for one large community that allows all pets and doesn't charge any pet fees or deposits, they haven't had one service animal request.

@Michael Muro Typically there are two types of coaches/mentors out there.1) will charge $5k - $50k for their services and will help show you the ropes, maybe provide you with some "proprietary" spreadsheets or software, and give you encouragement along the way.

Conventional loan 20% down.

Hi @Ian Barnes Contractor fee is just what my GC charged for managing the rehab project instead of adding on to each individual cost.

Conventional systems will typically cost less than $20,000, but if an Advantec or other specially designed system is needed costs can reach or exceed $30,000".See Cesspools and the Rhode Island Cesspool Act Frequently Asked Questions and The RI Cesspool Act Goes into Effect 1/1/16: What Buyers & Sellers Need to Know (from which the quote above was taken).You will want to check with your mortgage broker, however, with whether the bank will have a problem with a repair credit that large.

There might be a bit more paperwork, but as long as you have two years of tax returns (just like you'll need with an ordinary W2 job...) you'll probably be able to find a conventional lender who'll be able to work with you.