Keep in mind a pet fee does not cover damage that your pet causes unless the lease specifically said it was a deposit which would indicate that it would be returned if no damage was done.Paying a pet fee does not absolve you from pet damage.

(He says there is no reason why the property would not be financeable, this is just what they want) He indicated that a cash offer of 330k might seal the deal.I am looking at this as a possible 1031 exchange replacement property.

Primarily, I only use comparables as an indication of what the competition is doing so that I can create a more effective marketing plan.I begin my process by conducting very thorough research that includes the target market, neighborhood, employers, and demographics.

Is this an indication that a lot of investors are artificially inflating prices?

Do you have numbers for your area that indicate how much faster it would sell?

My agent indicated that the house could only be insured under Texas FAIR Plan.

Depending on the size of the bank, it may be easier to get then what I indicated.

Give them some indication of how many deals you'll be doing.

.$142,000 asking price (owner indicated he is flexible)$1200 rental income (I assume 95% occupancy so 13,800/yr)$614 - 1st Loan - 126,000 30 yrs @ 5.13%$300 - 2nd Loan - 20,000 Line of credit @ 3% - This help pay 20% down payment.

You can see if any liens have been filed that may be in indication of future payment issues.