I'm a firm believer that you make your money when you buy real estate.

Will be interesting to see how this plays out as the trade wars heat up, snippet of the article below:Chinese investors have become net sellers of U.S. commercial property for the first time in a decade, reflecting China’s crackdown on foreign investment and growing tensions between the U.S. and Chinese governments.After years of binge-buying trophy real estate, Chinese investors sold $1.29 billion worth of property in the second quarter of 2018, according to data firm Real Capital Analytics.

In our mind this will likely not be recoverable from the builder or association but hopefully a shared cost between both home owners insurance.

I have 2 choices: 1) Pony up the $3,000 out of MY pocket to get the job done (I don't need to bring this money to closing, but I do need to demonstrate to the HML lender that I have the funds to make it happen), or 2) Simply adjust my budget down by $3k.Let's say that the lender charges the following:3% origination fee ($65K *.03) = $1,950Appraisal Fee - $500 Pro-rated Interest (one month) - $380 Title Search / Title Insurance - $175 Pro-rated Property Ins. - $100 Pro-Rated Taxes - $400 Settlement Fees - $400 Recording Fees - $100 Wholesale fees (if applicable) - $500 Since "No Money Down" is not an option, I'll will need to pay these fees up-front in order to get my $65,000.

I have also befriended a guy who is going to be doing some work for my boss and he has great industry knowledge and opened his own consulting and construction firm.

I still don't understand why someone would pay retail for a trustee auction property with no title insurance or inspection.

But the rental property cost of insurance is twice the amount to put the property into an LLC vs putting the property into my name. 

-Tell them politely but firmly on the call that they are all on one lease and the entire first month's rent has to be paid prior to move in.

Plus, banks/title/insurance people start noticing and you find top performers there too and it just trickles through the entire buying process.

I work downtown at a big brokerage firm (think CBRE, C&W, JLL).