Mine says that the full first months rent (plus partial month if needed) is due upon move in.

I am planing for a new basement renovation like 2 bedroom full bathroom, Kitchen and concrete stair exit from side.

What if the money received for the sell, isn't enough to pay full price for a whole house in an expensive market?

A full description can found in the RCW itself and the subsequent Washington State Supreme Court Opinion on the Washington State Legislature website and linked below.Attorneys tell us "the penalty for engaging in a "pattern" of equity skimming that is set forth in the Distressed Property Conveyances Act is found in RCW 9.94A, as a Class B Felony, Level II offense", which can include confinement in a state correctional institution, fine or both.

I am under the assumption that you need a full 12 months of the income and expenses to accurately break down a deal to see if it is a good or bad one.

I would recommend pulling up Schedule E and fill out a profit and loss for your property, including depreciation (3.636% for a full year of depreciation for the fair market value allocated to the building).

Good morning everyone,Name is Theodore I am currently working as an IT but my goal is to branch off and do Real estate full time.

If you put 20% down ($20k) and financed the rest ($80k), at 5% for 30 years (Total Interest = $74.6k), if you go the full term, the TOTAL cost to buy your home would be = $174,604.63However, if you buy a home to rent, and you have positive cash flow (this is important), and like above put the same DP of $20k down, with the same interest rate, term, etc..., the TOTAL cost of the this home to you would be = $20,000.Why? 

A full renovation would cost easily $250k.

I was advised by a real estate agent not to withhold the full amount of rent or pay for them myself and deduct it from the rent.