As an added bonus, in all likelyhood the value of your property has appreciated OTOH, if the basic structure is ALSO in poor condition, AND the roof is bad, and its not that great of a location, or floorplan, or... then it won't make any difference- you're looking at a teardown.It also probably won't work if you are unable or unwilling to do any of the work yourself; and/or if you are picking all new contractors out of the Yellow Pages.In general, I disagree with the idea of doing just enough to get it rented, then make it nice when its time to sell.

Unless you are in a crazy town like Aspen where rents cover about 50% of a 100% interest only mortgage the basics of rental finance apply.Renters should pay a premium vs financing for the benefit of staying flexible.

Basically you're birdogging for them.

Since we currently subsidize the cost of fossil fuels and other energy in the US it's going to be necessary to reduce how much we pay to heat and cool them.

You may want to learn a lot more about the basics, this is a good group to learn with!

No I'm talking about Offer to Purchase contract, it's basically a purchase contract but with all of the property description, terms, etc. but at the end of the contract it gives the seller the option to do a accept your offer, do a counter offer, or decline your offer.

Basically, Can I own a company that owns the property even though I am not of legal age?

Basically I am looking to flip houses.

Not everyone goes FHA.When you have two contracts, the option and option price is basically the sale contract and that is what underwriting will be based on.

Once its foreclosed you have to wait and get in line, some times the realtor will make it a pocket listing, basically give it to one of their friendly investors. you can always negotiate a short pay on the 2nd and with the seller still on title your wiggle room and closing concessions are not hampered by the bank.