For the hot water tank, if there is two, then its theirs too.Besides property insurance and water/sewer, I think all common areas, landscaping, and in some cities maybe even trash (check your local area).As for consumables like light bulbs, I consider if its inside the unit door, its theirs. 

The negatives is that this is time consuming as you have to occupy the house for 2 years for the capital gains protection, 1 year for the mortgage good faith.We didn't do this as we preferred to keep them as rentals as we have made more out of rentals than we have if we sold them as flips.Good Luck!

As I have calculated, home prices corrected for Consumer Price Index inflation nationally were nearly flat for the century ending in 1990.  

The proposal is to raise capital into a already formed non-profit organization which has been doing consumer credit counseling in the past through a joint venture.  

With the sale of our NYC condo, we are looking to make some wise, modest investments and work towards growing a successful, well-rounded portfolio. 

Hi All,I'm looking to buy my first multi-residential/commercial property but so far it's been very challenging and time-consuming to find a great opportunity.

@Jason Eyerly   I wonder how that lending club is going to do over time.. seems quit risky its unsecured consumer debt.. your basically a credit card company... why don't you just keep your cash for now...nothing wrong with having those funds.. buy REITS or index funds that are liquid there are always deals...

Sooo you may just not be in need of any mortgages at this point, but don't tell my management I told a consumer that fact.

@Randy Johnston  I think CA is probably the only state that acts like this.. but a CA real estate broker licesne is needed to do HML... or NMLS or Consumer finance license need one of the three.when I ran my HML shop in Oakland I ran it under my CA brokers license.. although I am in Active now in CA I still have the license in case I wanted to fire up Notes or HML in CA..

If you can contact the appraiser who does the FHA appraisal they may be able to give an opinion regarding your scenario for a modest fee.