If it ends up being an expensive or time-consuming repair, you may be able to get bids and have the seller escrow 1.5x or of the bid cost to do the work post-close with a signed agreement and lender approval.  

According to Experian "78% of U.S. consumers' FICO® Scores are higher than 620." 620 is objectively a very bad credit score with a high probability of delinquency.For my rentals, 700 is the minimum and any applicant with lower credit score will need someone else to serve as a personal guarantor.

if you intend to live in it, there are strict ATR rules for consumer loans. this means the lender will have to qualify you with income one way or another. if self-employed, you have a few options that will eliminate the need for tax returns.

@Ed O. ...sorry for the delay, but yes regarding the reservation process (if you haven't already solved) - this might not apply in your case or state, but in our case because we were putting in infrastructure (new road) and had over 14 lots, our state law forces us to act like a new subdivision in terms of State Attorney General office registration, which is a real pain, but supposedly is for consumer protection.

For those who have flipped houses in multiple cities across Texas or Florida, which ones stand out as being on either end of the spectrum in terms of how difficult and time-consuming the permitting process is?

The LTA handbook online also has some samples at the end for the 10 day notice to quit https://law.alaska.gov/pdf/consumer/LandlordTenant_web.pdf

Quote from @Uzziel Cortez: Hello everyone,I am 31 years old and finally ready to dive into the deep end here.Looking over the strategies I think I want to start with Out Of State MTR / LTR strategy.My though is travel nurses or university students will be a good market / consumer base to tap into.I live in Orlando FL but looking at lower cost markets such as Texas or Indiana.Looking forward to hearing any tips yall might have for me.Thanks Welcome aboard.

I know I'll get "beat up" here on BP for even suggesting paying everything off :) but I'm at the point where I'm ready to stop scaling (for now) and have everything paid off.I'm really struggling to find an Avalanche Debt Payoff Calculator for mortgages.Everything I find is just for general consumer debt. 

It looks like in your state (CT) like my state PA that electricity is de-regulated meaning that the consumer can actually choose the company that generates the electricity separate of the one that maintains the physical lines and handles billing.

a lot of times the numbers in those lower cost areas will look great on paper... and then 10 years of cash flow will get consumed by capex, vacancy, turnover, tax increases.