You get a quicker sale because the buyer can literally visualize EXACTLY how the house will look.You'll find REALLY cheap and Nice stuff on Craigslist.com & your price can cover the costs.

What are you comfortable with is the real question.Question 3: You may put multiple properties into an LLC then get one commercial loan (blanket loan) to cover all of them.

Along with that the developer will provide guaranteed rental to cover mortgage for additional 2 years.

It is possible to get a loan, usually hard money, that will cover both the purchase and rehab.

Better be ready to cover that.

As for the dual payments, our plan was to get the $1800.00 rent and cover the additional $1000 (HOA, Taxes, Insurance, etc.) + another $1800 (max.) for the house we are planning to buy.

Finally, the tenant may do the maintenance wrong and cause a fire burning your house down (which may or may not be covered by the insurance).

However, you may have a large amount of personal assets and to add a layer of protection, your attorney may or may not reccommend an entity for liability purposes.If you are doing a lot of them, it certainly can not hurt, and the $ you would be making would more than cover the annual expenses of the entity.

I have been fortunate in that I have never been in any confrontation with squatters, drug-users or the like, but if I ever have to be, I want my faithful companion by my side.Remember - If you have a good shooting stance, you are neither running fast enough nor using cover effectively.

So, if you can get enough rent that after paying out the 40-50% for expenses there's enough left to cover the P&I payment, then you're at least break even.