That does not mean that those checks don't have a dollar fee next to them on the bank's fee schedule - most banks have a charge next to such checks on their fee schedule; you can ask the bank's branch manager to waive such fees for you, and if you are a good customer they will do so.

There was water damage and the carpet was removed and mildew on the walls so the bottom portion of two walls was also removed.Since there is no closet and window it can only be utilized as storage.

Especially in a time of crisis, giving your customers (users) information is the best way to keep people from getting angry at you.That said, I did happen to get 3 really nasty emails from people who insulted and virtually spit on us, but their hate is a sign that we're making an impact.

Anyone having any luck getting customers financed with a 580 score?

I'm curious how different people analyze and budget repairs to HVAC, electrical and plumbing systems in bank owned homes where the utilities are turned off?

I think you lost me in all of your paragraphs.What are the following numbers:In Place Rent:Existing Debt Service:Existing Peripherals (Taxes, Insurance, Association,Maintenance, Utilities):Property Tax Rate:Also... when you say you "put a ton of money into it"...

debt service isn't included in the 50%...that's reserved for taxes, insurance, management, vacancies, repairs, maintenance, utilities, trashouts, cap ex..etc.....

In the future she plans to either move to the US (there are a number of ways) or just visit me from time to time and stay for a few months in the US.She wants to take advantage of our low housing prices, purchase a house, rent it out (rental income is not that important to her but it would be nice if it at least covered expenses on property tax, utilities etc.).Off course, she is going to pay cash, and I am ready to help her as much as I can.

We recently helped some friends move after they had been foreclosed on, and had utilities turned off.

Unfortunately I think you will find that section 8 cares more about their tenants than the landlords.I have gone the route before of section 8 violations and the case workers do nothing.You simply have to evict the section 8 tenants.Mine not in compliance went voluntarily.It was a case of one great tenant next door had a small child care facility of watching 4 to 5 kids.The section 8 next door that were inherited tenants I received upon inspection had a pit bull and a rottweiler.They were told that was a violation of their lease.We evicted and they said they had gotten rid of the animal only to find they were hiding it and was back again.The parents dropping off the kids were scared of the pit bull for the day care next door.This tenant also had a portion of utilities they were responsible for after the voucher paid.They went round and round not understanding why they paid the difference etc.I can tell you when you look at section 8 it is great as long as you pay attention to the voucher.If you want to rent for 800 and the voucher is for 500 then don't do it.They simply will not make up the difference.If it's only 50 bucks they have to come up with then they can usually pull it off.Section 8 inspectors are real picky on all the things they want fixed before you pass inspection.If a tenant wears down a property heavily each year and you have to put a ton of money in to pass inspection each time that is a consideration.Don't be quick to evict the other regular tenant.You have to treat them like a person with a mortgage falling on hard times.