Why do you think purchase contracts are so long and have such small print?

So I am not the smartest person and some of the helpful replies in previous posts was above my mental capacity.My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortgage left 155k, home value 330k, current interest rate 4.125% on conventional with 24 yrs left on a 30 yrmonthly payment with HOA $1600 pcmI am wanting to either1) turn this primary residence into an LLC and purchase another property to move into and start the process again with the aim being to rent my current house out on an annual 12 month lease for at least 2 - 3 years as I was told that as long as I lived in it 2 out of 5 years I can then sell without paying capital gains (though this confused me and anyone wanting to teach this to me like im 5 years old would be greatly appreciated).

Please help,We recently purchased an investment property.

Last time I approached lenders I was approved for a loan with an interest rate of 9.5%, but that was when I was trying to purchase through an LLC so it was a commercial loan.

I would require renters insurance and make it easy for them to purchase providing online options and suggestions to add to their car insurance, etc.

The purchase price is around $2m and tax assessed value is around $1.3m.

Then, we purchased similar properties.

On the other hand, my most recent apartment purchase was from a large, well-established REIT that appears healthy, and I have not been very impressed by how they ran their business.

Nearly all will say yes and then, their interest payments start again at the next closing (to buy) table.So they earn interest while the money is loaned – from purchase to sale.Now if I have someone's money less than 90 days, say on a house I wholesale, I do pay a minimum of 90 days interest on all loans.

And if you're truly serious about purchasing real estate in Ohio it would be a good idea to take a trip out there to learn the cities and neighborhoods, visit them at night, see if it's a good fit for you