Watch your areas, watch the rental rates in Craigslist and the local papers and follow the oft mention 50% rule you will find mentioned here, just search.

It's an oft discussed topic and there are plenty of resources/answers available by searching the forum.ORIGINAL liens are public record.

They are either managing their finances quite well and can easily swing 3.5% or 5% or 10% down, or they're broke and not qualified regardless of down payment assistance, it's one of those two extremes, due to the oft-mentioned "20/80" rule for Realtors where 20% of them are doing 80% of the business. 

I have rented that spare room in 2019 for out oft owners, visitors for the weekend and made $7000 off!

Either let it sit and pay itself oft and then leverage that already favorable property to purchase others or take the income and put it towards additional investments of a similar nature.

Because in order to cash flow and get a decent return your monthly rent needs to be ~1% of the purchase price (this is the oft-cited "1% rule").

Plenty of showings, plenty of t/b's that don't bother show up, or they come, see it, say they LOVE it, and we never hear from them again. etc..etc...I don't want to put another home under contract until I sort through all of my issues.How long does it typically take to move a L/O?

We did not have a clue about all oft eh crazy things happening, but saw house prices going crazy and rents dropping, so sold all but two of our rental houses.

I had hoped to gear this thread toward those with little knowledge, so explanations of te correct way to do some of these things would be appreciated, especially the biggies!

**READ ALL QUESTIONS MORE THAN ONCE be clear on what is being asked because you will be given A LOT of superfluous information and you will go into overload trying to plug everything in,*** Math questions       Draw a "T" on paper as soon as you sit down                                     On top of "T" write P (Part)                                      Lower left write R (Rate)                                      Lower right write W (Whole) UNDERSTAND what you are solving for.. plug in what information youre given and solve accordingly.Ex. if numbers are side by side multiply, if above and below TBar divide.KNOW how to compute HUD calculations for both Seller and BuyerKNOW types of estates and agencyGodspeed