Property #1: When writing up an offer purchase, be sure to include the current owner be responsible for the water charges thru the closing date.

Any recommendations for Florida mobile home lenders (includes land parcel - no HOA)?

Will the sales price pay off All liens including the $31k and closing costs, or not?  

Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis.

Anything under 6 months and it's considered a delayed finance, and cash out is at 70LTC.LTC = what it cost you per the closing statementLTV = what it apppraises for after stabilizing the propertyThat's just my lender, I'm sure that other lenders do it differently and that's why we are encouraged to call all the banks to line up financing before buying.

I will continue to use the Landlord Locks managing a small number of keys for tenants and having my master key that can open every tenant lock including padlocks on sheds/garages.  

The 50% rule is related to expenses, which does not include debt service, so your down payment won't affect that.If you're not planning to live in the property, you will have to put down at least 20-25%.

After expenses, which included a special HOA assessment and a month's rent to my agent, 24 payments of $1595 ($38k) left ~$12k in rental profit.

I can get a complete flip done for $30/sf, but that would not include roof, foundation, HVAC, major electrical, or major plumbing.

We recently experienced this exact scenario...the landlord hadn’t raised rents in almost 30 years and the tenants had heat/hot water included!