Given I will only have one MTR and Hospitable is $59/month it makes sense for now.Again, thanks.

Have you considered how private money lenders can streamline this process for you?

There a ton of opitions for investors and a few new programs have just opened up that are making it easier to build an REI portfolio. 

Make sure you do it in writing and give them the proper notice. 

How flexible is your lender when it comes to LTV, and have you ever considered how private money lenders can offer more competitive terms?

Even if they were already late on payments they could stop making payments and get the loan paid off that way. 

Detroit is not a market to play around in without a professional on your side.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Hi BP'rs, I don't have a good sense of how the interest rate cut today will affect me as a new investor looking for my first deal... will it start to drive up prices of homes in areas i'm looking at as money gets cheaper or am I off base?

This is the kind of insight that makes this forum so valuable.

I would make a list of all the work, and for the appraiser include the costs, so they can justify the new valuation.