I executed my approval on the Commitment Letter and returned it to them to set up Closing.

I finally sell the property for $250,000 and I end up paying $15,000 for closing cost and agents commissions. 1.

The best case, and likely the most you could ask for, would be to cover the carry cost of the extended closing time.

Purchase price: $175,000 Cash invested: $43,383 This is the second of two units I closed on recently.

We purchased this light sweat equity 2br/1bath located in Warren, Michigan with the full intent of making it an LTR!

The good news is that once you gain some traction and close a few deals you can hire a VA to help at least make the initial calls and hand off only the sellers interested in an offer 

Hey guys,I was just wondering if has gone through the process of a bank calling a loan due on a subject to closing?

We initially were looking at 3-plex properties but they are mostly listed close to $650k.We saw and have interest in a 4-plex in Irvington, NJ listed at $700,000, fully occupied.

Closing in a week.

So you decide if you want to put it in the LLC or your own name.If you do it in your own name, and live there, you will be able to take a personal residence loan and qualify for loan programs that only require say 5% down + closing costs.