Yep, for what later becomes a rounding error on your income statement - $258/mo per example - you will still have 75% of your loan balance when us 15 yr folks are done.  

I literally did it by trial and error for the first 20 years. 

Yes, he was slightly embarrassed when I pointed out that things weren't adding up.And aside from search errors, there are things that you can't tell are bad from the search ... such as forgery.If something shows "later" it would only be covered by title insurance if it was recorded in between the date of the title commitment and the recording date (i.e., the "gap").You should still buy title insurance... it protects you going forward for things (often undisclosed) that occurred in the past.

@Ryan HazinakisHello Ryan, I am a rookie RE investor and I had a question about Newport, RI (which is a place I fell in love with when I visited).

They have told me that the only way to remove the penalties and interest is that if they have made a clerical error, which they claim they have not. 

Problems like that take time to resolve and you need room in your schedule to move quickly.It's easier doing another type of deal first before moving to pre-foreclosures because there's no room for error time-wise for some pre-foreclosure deals that are close to auction.

I am surprised at some errors in the article. 

. - You pay yourself the commission when buying, selling and renting- As a RE agent, you can get IRS active-passive tax breaks for greater than 750 hours a year in the business - you may do deals with others that grow your experience.Cons:- You pay $1000-2000/year in MLS access, licensing fees, NAR Realtor fees, education, errors insurance, broker fees- You can be fined thousands for saying something illegal like no kids on your self- rental advertisement. - You cannot advertise $500 for a referrals like some wholesaler / cash for homes people do- You have to disclose you’re an agent in casual conversations that lead to disclosure of real estate motivations- If you’re part time or hardly doing any agent activities, you are likely worse at paperwork and negotiating than a full time agent.

I tried to PM you but the site is giving me an error message. 

Sorry in advance for the novelI bought my 1st rental property on aug 28.  It was a duplex and in september I converted it into a triplex.  The property came with tenants living in 1 unit month to month and the owners ...