I've been looking at some 3 and 6 plexes and they have extremely high utilities costs.

To a large degree this is simply a customer service problem at the title company.

Not a lawyer, but I would assume there could be legal issues if I went in there working, turning it over while they still had rights to be there, especially if they were paying utilities through the 30th.

.- Are utilities included?

I have a tenant that turned off utils and moved out five days ago.

You provide cable internet and utilities they pay one check for living you collect 2-4 times the rental income.

I advise my clients to use the FAR/BAR also, so from a customer service and education standpoint, if you don't mind saying, I'm curious whether you were simply searching for a second opinion or if there was some other reason you questioned the use of the FAR/BAR?

Lucy, call the customer service number for your Humana (not the number the "lady" gave you) and verify that they have people coming to your house.

You could also do a second on another property, or several others.I'd suggest too that you start looking at a blanket mortgage on several properties (with a release fee on each) and begin consolidating the debt to free you up for financing.Creative financing is utilizing the assets you have to leverage a deal within the boundaries of conventional requirements, the rules and regs, not getting wild with schemes. :)

Houses in this price range also allow you to better utilize the limited number of fixed-rate Fannie Mae loans you can obtain.