So, yes, you'll have the checks out there, and you should be able to cover them, but the money's not leaving your account until the contact is accepted by both of you.

The tenant they put in (whom I did not screen), I had to evict after 2 mos.

Would getting title insurance cover any possible prior issues with the title/deed?

Leesa - This topic has been covered many many times.

The value of the house doesn't matter at that point; all that matters is that you can help them cover their payment and still make money.

The question in the United States is not whether the poor are able to eat, but whether they have the premium cable package on their big screen TV!!!

We get $1,000 from each townhouses and also cover our expenses which are $600.

If HMLs will go 70%, or even 65%, you'll be able to cover the purchase and fixup.

It would save her on the elec bill & would also add value if I decide to dump it.All my appliances (A/C & Heat, Water Heater, Fridge, Stove, Dish Washer, Washer & Dryer, etc...) are covered under my home warranty.

If it can be rented to cover and eventually be sold at a profit, all are happy.However, I was wondering what happens to the seller in the meantime?