This way, they will end up with a higher return than if they sold as-is, and we save significantly on loan costs usually associated with flips and still make a good profit.The only thing they incur is holding the house for another 8 months and paying what they are already paying for prop taxes, insurance, utilities, etc.

Depending on how low income they are, it may be more important to be at a certain school close to their home so the children can walk to school or utilize public transportation if they don't have their own car. 

Hi, @Donald King, have you accounted for lawn care, snow removal, trash, water, shared utilities (like outside or hallway lighting)?

We both utilized our saved funds and favorable construction loans from a local community lender and closed on these properties in 2015.

I pay $735 a month for rent plus I take care of all the utilities.

Many PM's (including ourselves) are utilizing automated self show technologies, but a lot of PM's have gotten away from the actually showing the homes in person because of this technology.

If not, the cost of utilities you'd need to pay should be factored into your assumptions (it'd be surprising, for example, if heat and hot water were separate for all units).

The same numbers rules apply, but some additional things to look for:Metering (same meters or separate), if separate allows you to easily split utility bills among tenants.Sewage systems connected or separate (helps with plumbing repairs and whatnot).Rental rates and if they reside on a street with mostly rentals or by themselves.

The program will allow the client time to build your credit rating and save for the down payment.Under the program, the clinet would:1) Look for a home that the client wants.2) Client and I would work together and I buy the home at the price client wants to pay. 3) Client provide at least a 5% deposit that will be used towards the future down payment. 4) Client would also be responsible for other costs that a homeowner would: legal feesappraisalinspectionland transfer taxproperty taxinsuranceall maintenance and repairsutilities5) Sign a lease agreement - to determine base lease cost per month multiply purchase price times 0.0062 - example $150,000 x 0.008 = $1,200/month which does not include utilities, tax and insurance.6) Sign an agreement of purchase and sale dated three years out.

But a 620 score means you regularly miss payments, have consistent high DTI and high utilization.