Creative financing is an alternative but there are sharks in those waters.

Offer : 239KDown Payment: 47800 20 percent Closing costs : 5000 Monthly Mortgage : 1013.00 per month Property Taxes : 3446 per year / 12 = 288.00 per month Current Landlord pays for water : 275 .00 a monthProperty already rehab no forseen major cap ex within the 4 to 5 year mark. 

In an area that received 40" of rain and many homes got FEET of water, this was a good deal less.

So every 20 years you can replace your roof providing you don't have replace a hot water heater, furnace or carpets or cabinets.

If person were to sue for damages, it would be tough to cross the $1 million mark.

4- for a capital expense like a new roof, water heater, etc., do they manage the entire process and bill you on top of the contractors bid for the work?

Water test at least once a year.

A lien is a payment obligation that has been attached to real property -- either through the recording process (in the case of a mortgage, deed of trust, mechanics lien, etc.) or pursuant to local law such as by the entry of a judgment, issuance of a water/sewer or tax bill, etc.A foreclosure is what the lien holder does to enforce the lien in order to obtain payment -- this is done through a forced sale of the property.

Recently we've had tons of rain and basically the whole county is under water, roads closed, etc.

Basically, the turn-key properties just are done with the replacement of roof, water-heater, and/or kitchen/bath reno/resurface.