Talk to your local community Building Commissioners office or Engineering Dept office and find out how often flooding occurs in that area.

In my experience so far, before the balloon is due, enough of the loan is paid off and appreciation occurred that I've been able to pull money out and keep the payment the same.

No, of course I don't address it in the lease, because it never even occured to me that someone would do that.

Once that's done, modules start rolling in on flat-bed trucks, are lifted into place with a crane and the house can be under roof in less than a week.The construction of the modules does occur in a sheltered environment without precipitation, sun, wind, high humidity or wide temperature swings.

But we agreed that SFRs are not evaluated on ROI -- so it's a non-issue -- the sale WILL occur at the current MFV for similar SFRs :grin:All the time there's lots of smoke-n-mirrors discussions here and how someone approaches a deal is their problem. 

These big costs will destroy me if they occur and I don't have funds to get these fixed right now. 

Much of what is occurring in these to markets in recent years is speculating {grabbing onto the tail of a fast moving train}, not investing.  

most likely that will occur especially since he is military. but i have also read in many places since this is a one unit rental (condo) i do not have to supply a list in illinois. but again, mute point i guess. 

Who knows what this adventure will bring.I have already learned a TON on this site and it seems like everyday as I'm reading and listening to podcast more and more "ah-ha" moments occur.

You are right - he will be selling a seminar - you need to research his legal problems that occurred in the past - I think he is a good person - but he got the wrong marketing agency promoting his program - he is a better write than investors - You need some hard-core instruction - not a ferry tail presentation that will only motivate you to spend money on a long distance type of instruction.Start an investor club - you come in contract with many folks who invest, who have money - who are good folks and you'll learn much from that association;Run some ads: Real Estate Meet-up meeting being formed - all are welcome - our first meeting will be May 25th at the Holiday Inn - the subjects discussed will be Tax Sales in the Local market - creative financing - our guest speaker will be Bob Smith from Smart Title Company.