No wonder we are in a RE meltdown.Too many people are trying(& buying) that have NO money.Bad things happen guys.You need cash to smooth out the unexpected.2.I'm guessing 99% of the people here own NO RE.I have read only a few posters who i'm sure have real world experience3.Too many people jumping into RE blind.4.People who buy books,cd's,dvds & attend seminars are idiots.A few final thoughts...Bad things happen.You WILL buy a property with a HUGE unexpected problem.Plan for it.You will have a renter smear feces on the wall the day before eviction.You are the ENEMY in almost every tenants eyes.

She told me that I might as well charge the full $850 as she pays nothing towards the rent anyways.

All sorts of weird and unexpected laws in place in different locations.More specifically, though, these tenants are probably on a month to month rental arrangement.

Have their been any unexpected expenses or surprises (such as termite infestations, or other nasty, expensive unpleasantness) with the properties?

Then you should have a good idea of what your LL will be charging you to replace it.

I'd take him in a heartbeat.Yet, if you charge different prices for rent, how are you going to justify that, unless you have a sliding scale bases on the credit score?

The rate is about 1% higher than a normal FHA loan and there are some additional charges because of the repair reserves and reinspection and draw services on the loan.

I charged my buyer an additonal $5000 just to give them the exclusive opportunity to buy it from our pool of investors and she happily agreed to that.The point is, this is the best deal I have found lately, and only 3 other offers were submitted so obivously there aren't a whole lot of realtors who know what I know.

Well when you start borrowing in that purchase range (I don't think) you'll run into the Fanny/Freddy rules because you're not dealing with "conforming" loans.I started doing cash purchases due to the high (onerous IMO) charges associated with borrowing on lower end properties.

Depending on your remodel, you may not be able to charge what you need to come out ahead.