If you've bought properties before, maybe you won't need an agent this time.I have to say, though, that my mortgage broker was probably an even more important piece to the transaction puzzle with regard to knowing all the funky FHA rules and helping me navigate the torturous underwriting process.My advice here isn't about the buyer's agent... make sure you have an excellent advocate on your lending side of things if you're going FHA!

Might be good to do quarterly for new tenants, but annual once you feel comfortable they are respecting your rules and the property.

If it is, you will need to comply with the rules for financing to owner-occupants in your state and the SAFE act.Just quick thoughts.Hope it helps!

This could result in the tenant/buyer suing the seller, especially if she can't or doesn't return the option money.My basic rule of thumb is that if a seller is in financial distress, do whatever you can to get the deed (low cash offer, Sub2, Sub2 with equity payment via a seller carry-back 2nd mortgage).

I had thought about a gas fireplace, but ruled it out because I just assumed it would be too expensive.

Double digit cash on cash return is an excellent to way to start investing.Last comment is using 2% rule, a purchase price of $35,000 would give you even better results, having said that, it's not very easy to acquire.As far as rental income is concerned, I am not aware of local rentals.

It's not that lenders are restricted so much in a lending decision as in meeting quality underwriting attitudes.

I am worried that they might change their rules to my disadvantage .Thanks.

There are so many red flags with this person that I could write about why you should get rid of him but I won't.Here are some rules that I follow when bringing anyone on my team:Find the best people you can find.

Search 50% rule.