hi guys and gals I have a question my father wants to buy a home for my sister he already has a mortgage with the VA he's a Vietnam vet he doesn't have extra cash on hand he does make very good money 120k a year and he's just started getting s.s. benefits at 1400 a month the home he wants is 125k and the seller is taking off 12k because we know them and it needs a roof and other cosmetic fixes so selling price is 113k my sister wants to do more rehab and give it an open floor plan so about 50k what loans will give us the purchase price plus rehab?

I do know that hotels have to pay an extra tax (something like 0.5%) because their tenants are "transient," (under 6 months), in the State of Florida and most likely other states as well.

Some investors want to know the seller has an actual legitimate hardship, and/or are looking to see if they can't get some extra cash from the seller at closing, or to issue a 5-10 promissory note to the seller to reduce the delinquency.There is also the issue of the investors requiring a lot of exceptions to offers that hold up the actual deals.

I feel like I should at least be making some cash flow, but after the mortgages are paid, PM collects her fee (8%) and any repairs,maintenance, taxes or insurance are paid, I'm left with no extra income. something seems amiss here and when I ask PM she says this is normal and to be expected the first few years of owning rental property.

Extra good communication with those folks.Oh, and do NOT allow your tenants to use their own bank's billpay service.

Knowing this, I asked the owner's realtor if they could possibly end the lease this month or the following month (with me extending the closing an extra 30 days).

Some states have extra requirements when dealing with domestic violence victims.

A few things this has taught me Keeping a property well maintained is definitely enough to stop a tenant (me) from moving Paying for those extra finishing touches seems to not only command higher rents, but also get a higher quality of applicants (and I hope tenants) I very tightly scheduled individual showings.

I think the 4/2 had a 24K BTU (it was ~5 years ago) and required an extra drop from the utility company and a new panel. 

While using the listing agent gives them an extra incentive to close the deal, they never owe any allegiance to you in any way, shape, or form.