The Fed also announced a cut in the rate it charges to lending institutions from 3.5% to 3.25%.

I am working on getting my credit back up to par.But I am trying to buy the house I am renting in as my first rental property, I am in charge of the house per the owner, so I am collecting rents, and we will have our final roommate (potential roommate) to check out the last room available on Apr 9th.

you really think you've learned a thing or two, and then some tenant teaches you something totally unexpected (and always costly)......

Find someone that comes highly recommended from a friend, family, real estate agent, etc who charges a fair price and you will have a sucessful project anything less and you are gambling.

Dear tdsilk;A Homeowner's Association must be formed legally prior to charges being assessed to Owners of the properties.

Most of them let you attend the first one at no charge, then charge you for future meetings, which are usually monthly.

FHA also limits some fees that lenders charge--for example, the loan origination charge.

I put the fee for this on the HUD1, so there is no charge to the end buyer.The problem is that it is more efficient, and gets better discounts from the lender if the cash funds are paid first, then sold to the end buyer.

Investment_Loan, for those few banks who still do cash recapture loans on non-principal residences (i.e. investment properties) they will likely require you to hold title for 6-12 months and definitely charge a higher interest rate on the loan than normal residential mortgage rates.

(kidding)If you're not willing to charge market rents for your property it can only mean that you don't believe in the value of what you've got to offer.