I need to build in the cushion to handle unexpected expenses.Another way to figure a good deal is how good are the terms on a deal.

A good REA will take the time to research any major roads, developments, or power line projects that might be in the works within the local politics.

Bear in mind that early repayment penalties can throw a wrench in the plan, so check you T&Cs with your lender before you pull the trigger - but my point is that the longer the mortgage term, the more cash flow you have and, whether you need it now or not, it can be a powerful tool for either supplementing your W2 or growing your REI portfolio at an accelerated rate.Best of luck!

Purchasing power will go down when rates rise so it's hard to imagine prices not going down too.

We called the electric company and verified that there was no power at the house.

Rain barrel outside (with solar powered pump to your roof garden).

@Andrew Johnson While renovating this 1940's property, I'm seeing that plumbing and old rotting pipes are an unexpected issue.  

Just know that a 2nd system (new power meter, separate oil tank, 2nd gas line/tank) will require a larger upfront cost and your city and utility companies will likely want to come in, and double check everything you've done (more time and money).

(Doesn't matter, if the content helps others get what they are looking for then more power to him!)

* (Certificate of Authority (COA)  (3) A certificate issued by a state department of insurance showing the power of an insurer to write contracts of insurance in that state.