What I buy is a debt for 300K, that is the amount assigned to me for the consideration given, regardless of the amount given.I have had many borrowers who talked to the old note holder who told them what they sold their note for (and I have to thank them all and point out the confidentiality part of the sale, lol) and then the borrower tried to tell me that all he had to payoff was what I paid for it!

In your opinions, what are the MUST dos, MUST includes, and important considerations when building a successful Real Estate site?

Renters InsuranceIf you do not already have renter’s insurance, I suggest that you give it serious consideration.

I know you're not supposed to take age into consideration on a rental application, but I would be much more lenient with a 22-year-old guy when he had this problem when he was in his teens versus a middle-aged guy that is participating in these type of shenanigans!

In any package deal it's hard if not impossible to know what the costs are and being an individual, you really can't compete.Using a simple FV analysis is fun to look at, but you can't take into consideration unknown or the unknown unknown variables in your investment plan or your opportunity costs along the way.

I have seen many, many FNMA/FHLMC properties sold to owner occ buyers for considerably less than they may have sold for, if it was marketed to ALL buyers from the onset of the listing.

Again, an FHA loan allows for the Seller of the duplex to contibute up to 6.00% towards your closing costs/prepaid expenses, so you can take that into consideration with the price your willing to pay (ie. higher price & less out of pocket for you).If you were in TX I could help, but if not, talk to a local mortgage banker/broker and they can get you set up.One more item, if your current residence is financed by FHA then you can't do this as your only allowed to have one FHA loan at a time with very few permitted exceptions, of which your situation does not fall under.

This will impact your ability to borrow and that is an importnat consideration, especially for new investors.

When taken into consideration with the fact that the addition is not permitted, it could be grounds for the insurance co. to deny a claim.

If you keep the four key considerations in mind, however, you and your residents will have an extraordinary online experience.