And your first rental doesn't seem as scary when you're living in part of it.Congrats on your first deal and hope it continues to go smoothly for you!

And while it was not a very smooth process at all and I will likely never use them again, I am happy with the rate they offered.

It is a Fannie Mae foreclosure, everything went smooth until they did the title search and found that only one of the owners(husband and wife were on the mortgage) were served with the foreclosure papers. now the listing agent says it will take months to complete this.

I'd almost rather just stick with Buildium and my bank though.Any tips/pointers to make this as smooth a transition as possible?

If the property meets the zoning requirements per the town rules for that type of property will it generally go pretty smooth?

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.

I did continue with this purchase on 6/27 and went on for weeks asking about $2,000 reimbursement, nothing.During the time I was waiting on appraisal I acquired another property under contract and I thought everything was moving smoothly so I gave them an additional $2,000 commitment fee for the new property, same scenario, I was approved for 100% purchase ,and thinking the commitment fee would be reimbursed. boy was I wrong.

I was honestly trying to work with them to make this a smooth transition.

the appraisal for the bank is paramount.also - i'm just going to throw a number out there - IF this house is "worth" 810k - and "worth" means WHAT THE BUYING PUBLIC WILL PAY - aka market value - then for me, personally, i would not pay a dime more than 700k MAX for the property in order to have a smooth assignment and i stress the whole market value thing very much.

in my opinion which im new to this if your making money and everything is going smoothly then relax and take it slow your not doing anything wrong and everyone has to start somewhere. i think what your doing sounds awesome!!