Full rehab/modern style, adding unique secured fence in the front of the property with a wireless remote control and access, creating additional parking space on the side of the house, constructing new large patio by the pool area.

Full rehab/modern style, adding unique secured fence in the front of the property with a wireless remote control and access, creating additional parking space on the side of the house, constructing new large patio by the pool area.

Investment Info:

Single-family residence buy & hold investment in Waldorf.

Purchase price: $195,000

Cash invested: $10,000

I have a 2,000 sqft single family residence under contract. 4 beds and 3...

I have NOT read much on the subject, but would the Fannie Mae HomeStyle Mortgage be a suitable option?

Chelsea has the Silver Line and is getting close to 1000 units of new condos that have already been approved, Lynn has already OKed the plans to revitalize the old GE plant where they are building a mix use - Assembly Row style - complex that will be completed in approx 2021.

Pay check to paycheck is absolutely a life style choice.

The best thing to do is to narrow down what the basic expenses are for a property, and work down from there to find what the probable net for your personal management style will be.

So here is the actual verbiage from Fannie Mae:Second Home Requirementsmust be occupied by the borrower for some portion of the yearis restricted to one-unit dwellingsmust be suitable for year-round occupancythe borrower must have exclusive control over the propertymust not be rental property or a timeshare arrangementcannot be subject to any agreements that give a management firm control over the occupancy of the1.

These last 4 buildings are 1 manufactured home that looks like it was destroyed and 3 old stable-style buildings.

Your market is not suitable for investing for buy and hold unless you are a speculator.