Hello All,My wife and I are just starting to look into real estate investing as a means to add additional income sources in our "old age".

So what one bank might do, another might do something totally different.My guess is that any drop in value would have to be fairly significant for a lender to reduce your credit limit, but I have yet to see a lender actually put a number on it. 

Currently have a accepted cash offer on a house that may have some foundation issues and need a additional quote to reference for potential cost.

FYI -- In addition to the $495 Professional Edition that Michael mentioned, my company realdata.com offers a $159 Express Edition which is geared more toward multi-family property.

I understand that I can make more money doing this because it reduces my costs but just wasn't sure if it is the right thing to do to the new homeowner.

You can literally be a middle school school dropout, turn 21, and the next day be a Big Bank loan officer without ever passing a single test.But for Local Lenders with flexibility, we face a LOT of hurdles just to add a single additional state or even maintain our own...Think of that whenever you read "lending in all 50 states!"

Same question, can you receive higher than market rents and is your profit higher or are there additional ongoing expenses.

I developed criteria that reduce the risk that the investment does not perform well.With that approach, I am about 2 more properties away from achieving my goal.

I guess my intention is to purchase free and clear then pull my initial investment out and acquire additional property

Do they get "home owners" or "renters coverage" and is my llc listed as "mortgagee' , "certificate holder' , "additional insured'. insurance agents feedback would be appreciated Thank you.!