The property’s design must be for occupancy of one or more rooms including a living room, kitchen, and sleeping chambers.In order to obtain this credit, the units must consume at least 50% less energy through HVAC functions than that of an identical unit that is non-energy efficient.

We are growing fast and looking to expand our sites functionality and reach.

@Josef Hardi -A "lease option" is actually two separate deals/documents that are often created in tandem.1 - The Lease functions like most any other lease.

They were very helpful and provided me the insight I needed.Since it was furnished when you purchased, they'll probably tell you to estimate the age and value based on condition, functionality, etc.

When you draw from the HELOC it functions similar to a credit card, so the trap can be that you pull a lot from the HELOC and your debt to income ratio is skewed, which makes it difficult to refinance out.  

Purchase price: $205,000 Cash invested: $13,800 BLUF: Purchased primary residence had a roommate and now a fully functional rental.

The moral of the story- if there is that much competition for a property, it's worth whatever someone actually pays for it, appraisal is only a function of getting the loan from the bank, not actual value.

If you buy a functional but dated home and replace the 40 year old heating system with a new heating system you have improved the house, but you may have spent $10k to improve the value $8-10k.

Another one to lookup on Facebook is the Active CHS REI Meeting group. you will see alot of the same people there as you will see in the tri-county group and the REI Central group which is even better because you start to grow a bond with the fellow investors as you see them at different meetups and functions.

Not an ad… we just really like the functionality and price.