Rest of house in very good shape, estimating $50,000 in repairs to be conservative, hopefully 1/2 that #.That is the basics for these two that I am looking into right now, my preference in RE is buy n hold for long term wealth building and possible cash flow.

Your basically saying a licensee cannot bargain and must pay full FMV for real estate while the rest of the citizens in the state can wheel and deal.I'll go along with having to disclose you have a license if they feel compelled to say you must be some kind of thief, but a state and a department that appears not even capable of making clear and specific and reasonable rules needs to looked at closely.

The clerk of court catches these (NCGS 45-21.12A Power of sale barred during periods of military service).

So the longer you are at your full-time job, the less that period will be.I did exactly that... hung on at my corporate job until I couldn't hang on any longer and when being there was likely costing me more money than being out.

Based on the rest the deal definitely at least is good to consider it.Hope this help and thank you for sharing :)Eva

I do short leases as a fall back if for some reason I have a vacancy in Nov-Jan time frame to get back into the peak renting period.

It does make sense that a princible under 50 wouldn't be profitable to a bank spread out over a long period of time.

The properties have to be in the investor period.

It's also a good idea to set up periodic inspections of the property, which is a separate issue, and should also be written into the lease upfront with a process for the tenant's to correct problems you find in conflict with the lease.As for rent payments, we use Chase Quickpay since we have a Chase account - they don't have to have a Chase bank account for it to work.

As for HUD homes, there is no inspection period contingency for investors, so if the numbers are close, I always go out and see the condition for myself.