I will be giving notice on my apartment and won't have a place to life if he backs out.

While researching an area I was considering (stockbridge) I noticed The number of active foreclosures was well over 100% higher than the national average, other areas nearby were even higher.

I have noticed that people don't pay more for a large house and more land in comparison to other houses in the same neighborhood.

Buying with cash does usually give you an advantage to acquire your next property at the best price ahead of other financed offers.If you've owned the paid for unit long enough to be past the seasoning issues some lenders have, your next concern is time.

The way we structure our leases requires them to give us 45 days notice prior to move out and to allow us to start showing the unit least 1 once a week so we usually rarely have any gap from one tenant to the next.We haven't had any problem tenants yet since we screen quite thoroughly but if something were to happen, I guess we would prefer it to happen in an average updated home rather than one that's completely redone.Now if we were to start flipping, we would probably redo everything but for buy and hold in our target areas market rent, average to + average condition, seems to work well.We have seen some renovated units in our areas and they look a lot nicer but the rental premium isn't too much of a difference and it seems they take longer to rent out.

Originally posted by @James Mudd:...and then refinance to conventional.Okay, so you will buy with FHA with little down, pay 100% of the upfront MIP which is 1.75% of the loan amount, pay the closing costs, then over the first year pay down the LTV to under 80%, then refinance conventional and pay all the closing costs again.Sorry, it still does not make any sense.Run the numbers, you would be a lot of money ahead by just getting a conventional loan at less than 80% LTV from day one.What detail are you leaving out that makes this make sense to you?

Maybe I am just getting a head of myself, I know we still have a ways to go before we get to this point and maybe there are reasonable health care plans available for those who work for themselves?

I have this tenant (in GA) whose lease is expiring on Mar 31 of this year, but just got a notice from her that she will be moving out at the end of Feb and asked me to accept security deposit for March rent, which I absolutely don't agree to do.

The purchaser is deemed to have constructive notice of the outstanding dues by virtue of the recorded HOA covenants, i.e. you need to call and check the status of dues with the association prior to closing and the closing attorney will collect pro rated dues at the closing table.

At least it may give me a heads up to move forward or not.When you call the trustee you usually reach an automated system.