If one has established relationship with HML one can get loan commitment in a day, in an hour or even on the spot.

my father has been  a landlord for 20 years in detroit so i get to hear all about them since ive been around1 self employed people they  always fail to pay on time and leave dirt everywhere to be cleaned 2 those who turn into a life of crime and decide the unit is either a great place to distribute narcotics meth and other dangerous substances or worse they decide its a perfect place to produce drugs having the fbi lock down the unit and investigate my father this has happened 5 times now3 have had two units completely scrapped and i mean interiors gutted, copper pipes ripped heaters boilers even the shower and toilets stolen, these skin heads even tore threw the walls to steal all the electrical and hvac, needless to say they costed tens of thousands 4 one tenant decided it was a cool idea to pay for one month, then strip the entire location. once the tenant was evicted the house was burned to the ground. no charges were ever given .5 worst of all is when people die. once a drunk driver in a pickup truck drove right into the living room and killed not only himself but the tenants watching tv in the room, weve also had about 3 that i remember who we found laying dead from alcohol poisoning, the last one we payed to be sent and burried near his family  also we once had a witch doctor, this old lady disappeared after renting for a year. when we went inside the walls were covered in blood, there were rotting animals that had been cut open, candles and wax stuck all over the place. 

And remember running in circles there through a packed gym  in rocks springs under the spot lights when they played eye of the tiger for wrestling meets..like late 80's....Looks like you are off to a great start...I am definitely going to check out your blog.....and send you a colleague message.Best of luck

We do it all the time with very few problems then again we have a good relationship with our Title rep who will help us when we get in a tight spot... 

Steven,Welcome and you came to the right spot if you want to learn about Investing.Good luck and have fun.

I think Port Richmond is another good spot for buy and hold investing.

Spot on.

It is right by Clear Lake (brackish lake that feeds into the GoM) and Pasadena, Texas is less than 15 minutes away (where all the refineries are).I think it's the perfect spot for a condo that I can use as a corporate rental or vacation rental.My biggest concern is working away.

Some of the wooden  spots would need to be repaired by seller for it to be approved for FHA loan.  

One item on the estimate is to replace 200 sqft of carpet (in a 2400+sqft house) in various spot of the house for $3200!