Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

The rate buydown is simply a part of your closing costs, so if you work a 2% seller concession into your contract and want to consider that the 'seller-paid buydown' then that's up to you.o Rate floor: You are going to eventually hit a rate floor with any loan program, or a point where you cannot buy the rate down any further.

An application, approval/denial letter, lease, checklist, termination and security deposit notice, will cost many thousands of dollars from a lawyer if he drafts it from scratch for you and, for example, if he is not located in Cincinnati he probably will not be familiar with the ordinance requiring deposit alternatives or providing tenants copies of the ordinances and statutes the City requires. 

Early on, I think people should be more conservative and establish a base (HYSA) and then regular (weekly or monthly) automated investments in low cost index funds. 

I have help with the 10% and closing costs.

Looking for some advice if this seems normal for closing costs on this piece of Land my wife and I are trying to buy.

My guess is the S Corp hasn't been kept current...Get a copy of the Trust/will/ whatever you can.These problems can cost a fortune. 

1 - What does it cost to buy a car with 4 wheels, a big engine, nothing fancy, in Atlanta, GA? 

After renovations, refinancing enables you to pull out equity to cover costs and reinvest.

Think of it as freeing up about $150,000 in investment buying power that will pay you far more down the road.