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.

Home could easily rent for $3,000+.It is the next-to-last house on a quiet street, our lot is next to the home of the person who sold the development back in the 70s  and he kept 20 acres to himself -- so our home's backyard and to the side is 20 acres of woods and trails that won't be developedIn-ground swimming pool with a new pump and pool linerNew water heater, washer and dryer, and full-home water filtration system (all put in just before we moved in)Renovated kitchenExtremely unique "sunroom" that the first owner had custom-built with huge nearly floor-to-ceiling windows.

Note: If the tenant chooses not to pay the rent increase he should continue to pay the regular rent and be prepared to pay the full amount of the rent increase if the court rules in the landlord’s favor. 

I took a full video of the apartment upon move-in with myself and the tenant in the video and have numerous photos & videos of the condition of the apartment when vacated.I want to bill the tenants for the damages but want to make sure I follow the laws/procedures correctly.