Yes, chances are that you will never use it.

The agent of course wants a chance a commission and goes out to the listing appointment explains to the sellers what the property is worth and if they list it at that price they may not get a offer for 20-30 days (after their foreclosure date) and in order to stop the foreclosure sale they need to under-list the property getting a quick offer to submit and that the actual selling price is determined by the bank.

I'm not going to have a chance to check out anymore banks til Monday but I'll be sure to ask about that.

There's a few places in Los Angeles that have been considered historically bad areas, but have shown consistent improvement in the last decade - specifically when it comes to crime rates and home values.$300 cash flow doesn't leave you much room for covering unexpected expenses, for which there will definitely be some.

Chances are you have very favorable terms(except for the PMI).

For those we pick up at the unit, we like the chance to talk to the tenant and see how things look.

Our tenant buyers sign up for Credit Improvement with UpGradeMyCredit.com to get the mortgage.

Just means they received multiple offers and are giving buyers a chance to send in their highest and best offer.

Especially in my market (a lot room for improvement) Can I borrow some patience?!?!

We would plan to Buy, improve, and hold the property, and in doing the renovation, would take estimated rents (based on neighborhood rent comps, craigslist, etc) from about $2400 per month (1200 per side) to around $3300 per month (1650 per month, per side), based on prevailing rents in the surrounding neighborhoods.