In many locations now, its common to also pay some of the buyers's closing costs.The rule of thumb is that if your purchase plus closing costs are under 70% of the ARV (what you can quickly sell for after fixup, which may be less than comps), you will make 10-15% of the ARV as profit.Jon

It was commonly used for larger plots when I lived in TX.

It is extremely slow today.

There ARE extreme cases where OTHER tenants may also be at risk, but generally, these situations have escalated over time.

Common for many programmers to forget that there is more than the US model so not completely a surprise.The 'bug' is the following.

A common theme among newbies is, they pay to much for their first property, they don't understand cash flow, and they complain when they have to take a loss a few years down the road because they overpaid in the first place.

My 1 tip - make sure it cash flows extremely well.

I don't know if the bank would give you that info but if you go to the county's Registar of Deeds you should be able to look it up through the property ID number or name of the previous owner or by the commonly known address.

If you are required to give any personal notice then make a new lease to the person behind the door.Having two individuals who are not married can present problems as to who can be made to pay for damages, it may be equally between them, not good, or it could be either one being fully liable, taht will come down to state law and local custom to how a judge thinks.I have had many college students and this is commonly arranged in this area.

These days, its pretty common to see the seller pay the buyer some concessions.