Tenants are advised to keep bank receipt as proof of payment.

Hi, I'm a new investor and still gathering info before getting my feet wet.my goal is to generate a positive cashflow, while hoping that the property also increase in value (not a big jump, but at least on par with inflation).from the get go,my mind was set on a single family home or a duplex.. until recently someone mention that a condo might be a better investment for greater positive cashflow.With condo, there's a condo fee but the price will be lower, and I don't have to maintain any lawn or replace a roof..I'm trying to figure out if Condo is the way to go.here's my current analysis of a Single home vs Condo:Single home: Price $160K, tax 3600, ins 700. 20% down at 4.25% interest. it can be rented out for 1500/monthCondo: Price $45K, tax 1800, ins 350. will buy in cash. can be rented 500-600/month.

Intend on using a reputable accountant to do my taxes this year as with an LLC it’s not advisable to do your own taxes.

I was just advised of a multiple offer situation and was asked for my highest and best offer from Freddie Mac.I've read several accounts of how Freddie Mac allegedly operates (including one statement that they don't ask for highest best) and they all seem to conflict.I am fairly certain that my bid will be the highest on this one, but there are certain things that Freddie is doing that is causing me hangups.

If buying as an investor, you'd be advised to be very sure about buying it, since once you put up the EMD HUD will keep it even if you back out.

Can anyone provide BP links or advise on buying a home from/out of Bankruptcy?

What would you advise me to do?

I highly advise you to consult a knowledgeable attorney in the area, because mis-steps in this process can be enormously costly, especially in the Bay.

Escrow instrux are binding here, but IMO it's advisable to be contractually bound asap under most circumstances.

How notes are sold, pretty easy generating interest, from there you'll need to give details and then accept bids or offers from those interested.