yep, plus i'm paying $90 for the PMI (govt's program doesn't tell you the new refi w/out an appaisal program doubles your PMI).

Look for neighborhoods that your target tenant would want to live in: 3 bedroom, 2 bath for instance.

I guess we just live in a world of double-standards.

They will basically just be looking for the following things in your home office:- The office must have a secure door lock and be separate from living quarters (can not be a bedroom, must be a den or a separate office)- Password protected computer- Locking file cabinet where tenant information is stored- ShredderThere's really no way to get around this if you wanted access to complete credit report info.

I know my associate is going to apply his fee with in the price of the building, so I was wondering how much I should charge as well as if doing a double close is the best move vs. an assignment during closing.

I've learned quite a lot from the experienced posters on this site.Hopefully I can get some advice on a situation I'm facing.I bought several tax liens in my home state of MS 2 years ago.I'm very happy with the returns, but I have one left that did not redeem.It was a homestead property when I purchased the lien, but now it has "estate" listed on the property, and the taxes are now about double what I paid for the lien.So I'm assuming the owner passed away in the last 2 years.August 30 was the final date for redemption, and I have filed to get a tax deed.My state is known to be lenient in favor of the property owner, and tough on the invester, so I do not expect to acquire the property.However, I have no experience in this aspect of the deal, therefore really don't know what to expect.As it is a relatively small lien, I'd like to avoid the expense of a lawyer if possible, as I'm not sure that money can/would be recouped.One avenue I have considered is to contact the owner when I have the deed, and offer a quit-claim settlement for my interest in the property.I'm interested in your thoughts on this solution, and any other ways to bring this matter to a close.The original lien was for $600.

The real appeal for these properties is that when the market recovers, and it is going to recover, the potential for double digit returns is very high.

I also found out that to do a double close, I would have to fund the deal first.

but perhaps you could do the common areas with new molding and leave the bedrooms as is.

As far as my RE investment goes: I should easily double or triple my investment within a year.