Otherwise that 1,013 would have to cover PITI and would probably mean 155k is to high.

PACER covers Federal court records, evictions are in state courts.

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.

With the money you have on hand, could you handle the expected repairs until the rents can be raised to cover the shortage?

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.

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.