I think you made the smart choice...if the tenant has a problem coming up with the entire deposit, most likely they will have a problem coming up with your rent every month.Best of luck!

Your post made me look it up on google and apparently if I had bothered to research how to remove these before drilling holes around it and trying to remove it (with the end result looking like a bazooka shot through my wall), I would have saved myself much anguish, frustration and choice words for the previous owner - this link may help - http://www.ehow.com/how_5607858_remove-molly-bolts-wall.htmlI guess I will try and remove the rest of those stinking blinds this weekend now that I know how!

In the "Building Strong Credit," section it mentions that you can build stronger credit by adding alternative credit to your credit report.

Basically, we had two choices left, go conventional or portfolio but we didn't have the money for the down for either (which was $17,000 @10% for portfolio and $34,000 for conventional).

That rehab could take 2 months or 2 years your choice.

I would say it is a poor choice for your first purchase.I recommend on of the following ways in:4 Cheap Ways into Housing0% Down:NACA (https://www.naca.com)VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)3.5% DownFHA (http://portal.hud.gov/hudportal/HUD?

If the outstanding balance on the mortgage is low, you could be working with the executor to find better alternatives than a trustee sale.

Flipping may or may not be the best choice for you considering your situation, but i have heard of them being done in 3 months or less, but the real issue is there is no way you can do it with only 3500 dollars.

unsophisticated investor types with limited investment alternatives.

I never said I would have zero skin in the game, but there is no way I could do an amount that large without an alternative method.