There is more mowing, maintenance, perhaps fencing and tress to maintain.

It is a big jump from a few residentials into commercial and your ability with construction may be the key to success here.....personally I would play to your strengths and increase rentals in newer, well maintained residentials......but it could be high risk, high reward as you mention, netting you millions over time or driving you into bankruptcy with an environmental hazard or demolition candidate....

@Ming Lim We aim to establish and maintain a reserve of between $300 & $600 per unit depending on the building and the age of its major systems and components.

I would say that it is not a huge deal as someone who is buying this type of property is probably more concerned about a quieter area.One last thing, make sure you know who is required to maintain it.

AppraisalPro is now partnered with LendLogix - to offer more BPOs, AVMs, etc while maintaining compliance than before.

The alternative is to refi into a 15 yr note and still maintain $30k in cash reserves.

I assume that to maintain the security vail, the financing must also have the corporation's name on it - not mine.

Any person individually or jointly owning a home covered by a mortgage insured by FHA in which ownership is maintained may not purchase another principal residence with FHA mortgage insurance except under the situations described below.

Keep up the great work and maintain that FIRE & PASSION.

Never overpay for a property hoping to find money cheap enough to justify the added expense.While local rates and terms will generally be competitive with each other, wise flippers maintain a stable of lenders large and small that they can pick and choose from as their deals and the lenders terms fit.