Ask your LO to compare the products so you know the difference paying monthly or single premium. 

The former landlords were a retired couple who didn't seem to do things by the books so the lease is quite confusing and I'm hoping for some help..The pertinent line item of the lease reads as follows: "Month-to-Month Tenancy: This agreement may be terminated by mutual consent of the parties or by either party giving written notice at least 60 days prior to the end of any monthly period.

I only need $70 K for the first deal.Bank 1 will give me almost twice as much money compared to bank 2.

Depending on where you live of course.Let's compare:1.

Based on the condition and what i'm used to looking at, It would be hard to argue his ask.Initial Numbers (combination of actuals predictive, waiting on prior actuals)Asking Price: $400,000Scheduled Rent: $3,900 Tax & Ins.: $850 Other Expenses (maint, capx, lawn, snow, etc.) $411 NOI $2,639 monthly NOI: $31,668 yearI inform the seller that is a little out of my budget with traditional financing as I was looking at that SFR only but asked if they would be willing to provide seller financing.

I want to start investing in real estate and bring in some cash flow. but there is two options that I need help with. there are two locations one less desirable but still you can find some good houses but alot of choices and the prices on the houses are very low. or go to another location where is more desirable but fewer houses I say like 5 percent compared to 80 percent of houses. but the houses are twice the price . you will get better rents but pay higher mortgage. another thing to add. pricier homes have alot less taxes. as a first time investor not knowing what to expect where should I lean too first. thanks guys for the info in advance.

I think the best approach to this situation is when dealing with (beginner) investors who are referencing properties they have seen on Zillow, show them the margins of those properties compared to properties you are have available.

Then have them provide you with the current leases and see if the tenants will agree to sign a new lease and void the prior leases. 

chinese quartz and granite places are all over our area now... very cheap compared to 5 years ago..

That's a deal killer as well as a really poor location compared to the neighborhood.