It does sound like a good deal, but I'm in favor of the owner occupancy plan.

Don't forget, real estate agents are a very powerful group, and elected officials have slanted things in their favor.

I'm sure that well-organized self-managers could do it for less.The way most PMs bill clearly favors the inexpensive properties.

Everyone through the place remarked favorably about the floors.

I've stayed close to home to hone my skills in a less favorable area, kind of like jogging with angle weights on.

@Vlad_Selsky All else being equal equal, your cash flow swing of 3,492 is largely the result of lower debt service because of the smaller mortgage when you use some of your own funds instead of 100% financing.I am usually skeptical of no-money-down deals because the financing terms are typically less favorable compared to conventional financing.

I hope I can return the favor in some small part through my future postings.A little about me..I have worked in construction for maybe 7 years total.This last year I started a construction company and purchased a small warehouse office that was partially rented out.I never intended to become a landlord but as it turns out I am quite suited too it!

FNMA has an addendum that is quite a bit more seller-favorable than the other addenda I've read, so be extra careful when dealing with FNMA REOs.But, again, as Will pointed out, it's pretty much take it or leave it...

The license contractor owes the crew I use a lot of money so he does this for them as a "favor."

If the tenant has an issue with jamming up the garbage disposal, you can do them a favor and remove the garbage disposal all together.