A lot of changes are happening in various areas of the city, the police are patrolling more, neighbors are forming task force to reduce crime, business are moving in & increasing property values.You need to remember, some people live in these areas because that is where they grew up, that is where they feel comfortable with, they have family there, their roots are there,  A lot of these areas have really good people living there who are trying to get by.

Make sure she understands if he moves in you will evict and offer to release her from the lease.Your problem is you have absolutely no way of policing the situation or proving conclusively he is there.

If so for both, polish up your calculations and scope of work and head over to a local bank or credit union and talk with a loan officer is one option if you're able to fit the loan closing wait time into your timeline to close in your contract.Otherwise you could look into private money and then refinancing out of it (i.e.

Within 3 days we had the property under contract and I'm thinking, "I'm going to really have to find a way to polish this turd to sell it."

BUT....when it is time to renew and if you are not an absolute polished diamond of perfection with a portfolio they are still excited to lend against, your loans might not get renewed.  

Hi Omi - Among the reasons this may occur are that the property has a lot of deferred maintenance and is not polished enough to sell easily on the MLS and the owner lacks time, money, or both, to get it ready to sell.

If I were you I would pick the most landlord friendly state, I believe Arkansas as you can use the police to evict tenants and they have basically no rights.

If the lean is registered after Close and you learn of it at that time, it may be covered (read the police or ask the attorney / title company who is selling the policy).

You need to be aware of what you're buying seeing it in person.I think you can make some decent money in Detroit because it's becoming revitalized, but you will likely be looking at more of a cash flow play than an appreciation play.The best investors in Detroit are the ones who have the ability to buy into the area because they have the influence to change the area.Dan Gilbert has invested in Detroit, and it's smart for him to do it, because he's literally buying blocks of downtown area, and actually buying his own security force (basically to double a police force) to monitor and control the crime in the areas he buys.If you are just buying one house in an area, you better go check it out.  

Originally posted by **********:Originally posted by MikeOH: "Indeed, Tuesday's announcement comes too late for Troy Courtney, a 44-year-old San Francisco police officer.