We had a similar case, they actually were in the hospital but it dragged they only paid when the court summons came !!!

. :)It actually doesn't leave wiggle room for closing costs though.

Capitalization rate = Expected Net Operating Income / Market Value of the Asset.Since actual NOI and Market Value are constantly fluctuating, so will the cap rate.

We actually just sold the condo we had for the same reasons.I think in your second post too that you're speculating a little bit - that the market will be higher in two years than it will now.

And actually it's not really any more work for you and your parents than what you were suggesting prior to that.

The only advice I can give is focus and actually execute.  

But we could actually see the problem by eye by taking the line apart in the crawlspace and looking in. 

I would like to know if anyone has every actually spoke to anyone connected with Bigger Pockets.  

I am talking about the ones in the trenches day in and day out.You also don't see the countless hours of free work that we put into deals where if and I mean IF it actually closes you might only be making $2 an hour on that deal.

Just so you know, FHA doesn't approve contractors, your actual lender does and if they've done a few,mother have some already approved contractors.