If it can be rented to cover and eventually be sold at a profit, all are happy.However, I was wondering what happens to the seller in the meantime?

Will a bank even consider a business proposal to try to get a small business loan to cover the entire cost of the house..

Plus, you've got competition from well-heeled parents buying for their kids, and fuzzy-math investors who think that if the rent covers the mortgage they are doing swell, especially when they add in 'appreciation'.Keep in mind this crop of kids is the most spoiled I have ever seen and they all feel super-entitled.

With out figuring in depreciation and tax incentives the true net income covers my yearly mortgage.

We've stopped doing covered calls at our firm because of all the volatility.

$ that would be used for repairs, to cover late rents, etc...?

Would the 10 dollars only cover the extra water cost to you?

If you cover these expenses instead of the seller, it will increase the sellers proceeds.

As for final touches, those include mini blinds, a curtain, and decorative switch plates and receptacle covers.

I have also owned many businesses:johnmichael: Laundry Mats, Retail Stores, Flea Markets, Convince Stores, Arcades, Rack Merchandising, Mystery ,Mystery shopping Company, Auction Centers, Answering Services, Vending, And the list goes on.johnmichael: Now enough pumping sunshine up my own skirt LOLjohnmichael: Do understand we will be going over the basics and then step by step jump into the more advanced and creative strategies of locating Real Estatejohnmichael: I do want to cover basic investing strategy for new investors; johnmichael: STEP 1 - Buy a piece of real estate under the most favorable terms and conditions possible with as much leverage (OPM--other people's money) as you can.johnmichael: The art of this game is finding moneyjohnmichael: Money is everywhere folksjohnmichael: How many Dr's in your townsDan_Auito: We are gaining strength in that dept as more and more lenders are finding our home herejohnmichael: The are of OPM is just asking for it!