:shock: WOW!

:shock:

:shock: Maximum rent is pretty much dictated by HUD housing rates.

(The last one is that I just bought a new $30,000 car [before I took charge of my financials]:shock:) This is a $200K+ house if it were rehabbed.

:shock: Best Wishes,Daniel

Today I went and looked at a Hud home the weird thing is its a four bed room home split into three units It looks like a regular house but has two doors on the right side there is also a small building on the property I talked to the realtor thats in charge of the house and he said that its a fourplex :shock: and that he had never seen anything like it before.

I'm really shocked at that price in that area, I know a few people that have spent double to triple that price in that area for lot only.

:shock: But I will educate myself thoroughly

*******But this is the kicker, and i need some real advice on this:apparently there was a revision to the association bylaws and they no longer let any owners rent out their units if they purchased on 6/2005 or later. everyone else before that date is grandfathered in so they can continue renting.NOBODY told me about this. not my relator, or my attorney. i even asked my realtor about rents in the beginning because i wanted to make sure it wasn't a co-op and the seller's attorney said renting is fine.so you can expect how shocked i am when i went into the office today to receive my new homeowner's welcome kit and she mentioned the new resolution to disallow any renting of units. she said my realtor and/or my attorney should have made me aware of this.i feel like i got majorly screwed. what am i going to do with a 2BR/2BA living by myself?

Not only will you be shocked, you'll be more than impressed by what I can accomplish.Kind Regards,Dave TottenMortgage Specialist