If you've only got $200 left over after paying the mortgage, you should expect to lose money on this property.

To find the truth, gain knowledge, share knowledge, network, and of course, make deals.I'm glad we've got you as a member of the community and I expect that we'll be seeing a lot more of you in the Foreclosure and REO forum areas.Welcome to BiggerPockets!

Not exactly sure of what type of heating you are talking about, but, simplistically, heat rises, so I would expect a "ceiling" unit would have to work harder...I do know about ducting, and the primary issue with flexible vs. typical sheet metal is air flow.

Fridge's can be more expensive and in my area they aren't expected, but a stove is.you can negotiate a fridge also, if they really want one.

There are lots of companies that specialize in making just these kinds of homes, and the cost is not nearly as much as you might expect.

I don't expect any additional cuts by the fed.

It's referred to as an "upside down' situation when the owner can't expect to make as much from sale of the house as he owes the lender, but I just don't really see why this is the case.

I will be purchasing a larger home for my new primary residence.It is unreasonable for me expect cash flow out of this property (The numbers just dont work out).

I just went through signing 20 pages of text that said "PROPERTY SOLD AS IS" and "NO RECOURSE" over and over and over....Don't expect the bank to pay for any types of repairs, upgrades, etc.So, make sure you get a good home inspector!

I tell all new tenants, that I expect them to POLITELY tell their neighbor if they have a problem with them (such as noise).