It shows you are a good human being.  

Do I use the full group's security deposit and deduct that extra week of rent at the full rate?

I received my preapproval for 150k so I am probably going to not use an FHA and purchase out of state once I have a little more saved up.As for my credit, I always pay off the full amount on my credit card every month, and I actually have 2 credit cards which I never use.

What kind of monthly payments were you looking at when borrowing the full 50k?

It’ll be interesting to see what happens to prices as owners begin to feel the full impact of the new $10k limit.Craig – sounds like you must be pretty busy, best of luck with the new properties.

A lot of septic/drain field companies are, like your septic tank, full of s . . .!

I am 23 years old, have been working at my current full time job for 4 months now.

Thanks in advance.SFH for sale :  3 Bed,2 Full Bath -$100,000.00  ( Baltimore County 21207)ZILLOW VALUE : 120,000.00Average Rent : 1,600(I called 4 similar Properties Same Area for Rent -Realtor.com)I am planning on buying using my own cash and then use Fannie Mae-Delayed Financing Exception to recycle (3 to 4 weeks)my money and repeat.Mortgage Loan PI :   30 years 4.6%            $ 513.00Property Tax  :                                               $ 209.00Insurance:                                                       $  28.00Total :                                                              $ 750.00Utilities/landscaping Paid by Tenants and Major Repairs by Landlord.Cash Flow  :  $ 1,600- $ 750=   $ 850.

@Kristine Pedersen I would confirm this with some of the full time lenders on here, but I am pretty sure you cannot refinance a 203k loan within the first year of ownership in to a non FHA product.

The stats are: -5 stories totaling 20,000 square feet above ground, plus a full basement which is partial commercial space and partial tenant storage/utilities-First floor commercial space is around 2300 square feet with an additional 1500 in the basement, 12' ceilings in the first floor-14 residential units above, most have private balconies or decks, elevator, bike storage, mail room.