Check with your building department before you start the work.Code covers what size to use for what application.

The master has also written two web books titled "The Backside Of American History", which cover things that were actually big news stories, but you probably never learned about in school.salon; heavily, but not entirely politics.

A court may issue a deficiency judgment in favor of a lender if there is a deficiency in the proceeds from the sale of real property to cover the costs and amount owed to the lender.

Besides the DD does nothing to cover the potential damage a tennant could do if they felt I was withholding their money.Maybe I just see the good in all people :roll: :roll:

My wife and I were planning on funding an emergency fund to cover unexpected maintenance and vacancies, but were hoping to keep that money and finance the property with a 100% or 95% loan.

This is slowing up and with a buy and hold mentality (especially if you make it a point to not expect anythig but everything covered expense wise), you should do [email protected]

:roll:Oh, I removed items regarding more than one story or basements, and other things I knew did not apply in my situation, parking, vehicles, multiple units, which were covered in the checklist at the site below, a Minneapolis list.

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

I guess that makes sense as they probably want to cover their own tails....and in most short sale situations the seller is in danger of the bank requiring them to sign a promissory note for the difference if any debt is to be forgiven.Have you really seen anyone sign a promissory note?

This business is about taking CALCULATED risks, so we want to make sure we cover it all.