Given that, using the leverage of the other lot by mentioning that she could keep the other lot as is and sell separately, that way she gets more for her dollars as opposed to selling all together with the house as is, because in the area and given the circumstances, it wouldn't be as financially beneficial.Guesstimate on numbers, as I am seeing the house SaturdayPurchase Price: $75,000 - $80,000Rehab: $100,000ARV: $285,000Time to Complete: 10 MonthsTime to Sell: 2 Months%ARV: 74Projected Profit: Around 55kThese are very loose ballpark estimates.  

Circumstances forced us into the rental business.  

I know there are folks everywhere who end up in extenuating circumstances (moving, divorces, etc.), however, it seems like the market here is good enough that people wouldn't have to resort to selling property at a deep discount.Any thoughts of folks in these type of markets and the experiences you've having would be great.

Now everyone  reacts differently but in whole women tend to be more emotional in response and want to talk things out to express themselves.

I almost hate to do the deal because I don't have a full team in place, I did not plan to start being active until January if everything went according to plan, but given the circumstances I may start now.

I'm only doing this because I'm having a difficult time pulling renovations cost together due to unforeseen circumstances but I'm trying to give the seller an offer today because she's highly motivated. my back up plan is to really get to the expected bottom line price the seller wants. 

The seller obviously can't make up the mortgage payments, that was his initial motivation to sell and stay out of foreclosure, now he's right back where he was, but in worse circumstances.

I thought he was referring to a lender terminating the lease under any circumstances.  

FMR equals the amount your local PHA believes is the 40%ile for rents+UTILITIES in your local market, so it isn't necessarily what you could expect for your rental.That said, depending on how much your tenant makes for income, and what utilities you include as part of the rent, you can match or sometimes exceed that FMR rate when everything is factored in.In short, yes, but its not a given depending on your unit and tenant's circumstances. 

But having that 30 year vs a 15 year gives you much more flexibility for when circumstances change.