Not only that but by taking out the only boarded up house on the block i made the entire block, and by extension, the neighborhood, a safer and better place to live.

Lastly, the house has been vacant for 3 years.Although I'm hesitant to take this on due to the extensive mold, it could be very profitable.

But the answer was  ATL  LAS  PHX were far better plays at that time because the values in many instances have doubled and tripled. were TExas never dropped but it never has really rose either.

The instances where you can have more than one gov't loan arise when you are relocated by an employer or have a reason beyond your control that you are no longer able to live in the home with the 1st gov't loan. 

He means that he doesn't think it is a good idea to take a commercial loan that has an adjustable rate with no limit on how high it can adjust.While I agree that it would be scary to sign for a loan with an adjustable rate, sometimes that is the difference between a loan or no loan.For instance, SBA's 7a loan, which has tremendous loan volume, has adjustable rates.

A $40k structural fix is pretty extensive however!

Think about used cars, for instance.

In this instance, I hope I am.

hmm, that makes sense and i could see it working against me. to me, it might seem like a tiny little issue (the garage window is cracked for instance), but they might use it against me and claim that they have requested me to change it for years.

But I wasn't going to argue because the seller was already getting annoyed (we've had 3 30 day extensions) and I didn't want to scare him off.