Have them determine the useful life of the big ticket items like roof, furnace, ac, electrical and plumbing and use that to determine what you need in reserves and consequently what you can afford to offer on the house.You'll also want to look at the cash flow in case of additional vacancies keeping in mind what the vacancy rate is in your area.

In addition, he said, if I didn't want access to the room, which I don't know why I would, I could have a mason fill the doorway in.

You may potentially be required to file additional state returns if the properties are out of state.It also depends on the structure of the property management company that you have.

One minute she is the nicest person imaginable the next minute she is evil.I heard there is something called non forceablility of verbal agreements and I have also done some additional digging and am reading the followingverbal agreements are not acceptable or legal in real estate transactions.

All that I ask is that you remember me in the future, should you decide to sell or purchase additional property in the area.My contact information can be found in my profile.

They have accumulated a larger down payment through additional option payments or credits over the lease option term.4.

Additionally, moving a personal mortgage loan to the LLC would trigger a clause that would require me to pay off the loan.

@Kurt DefenbaughIf you are self-employed with no full-time employees, you can open a solo 401k plan which would allow you to make a $55,000 tax deductible contributions for tax year 2018 as long as you adopt the plan by 12/31/2018.

I'm totally confused and have until tomorrow morning to come up with an additional 157,600 as I have 50k in the bank from my first deal. 

In addition, in the states that average a 2 yr redemption period how do you cost that period?