Here is a simple online calculator to help assess situations:https://www.calculator.net/ren...

in progress Lessons learned?

The idea is to set the tenant buyer up with a mortgage broker right away so that they can monitor their progress and help them clear up the negative items on their credit report.

How can I assess the area as a good place to buy (good appreciation, developing, population/industry growth), before I buy?

Set hard deadlines, I would fire him if he hasn't made any progress.

Also, places like that are subject to special assessments like any condo.

I agree that it's key to review and assess all possible aspects of the relationship and agreement with any PM that I may bring on in this role.

Looking forward to future progress updates.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, you should sit down and assess your personal finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Zillow is actually more accurate than our county assessments because Zillow uses near by sales data.