If there is one thing I have learned in real estate investing it is that patience and preparation pay.

The first one that has been fixed up sounds great are you prepared to do that 7 more times?

Unfortunately, this type of situation can occur even in the most unexpected circumstances and it is important to be prepared for anything.

I just looked at my Tax preparation form that my CPA provided and PMI was on there.Loan amountLTVMortgage insurance premium in basis pointsDuration of insurance payments$625,500 or less90% or less80 (0.8%)11 years90% to 95%80 (0.8%)Entire loan termMore than 95%85 (0.85%)Entire loan termMore than $625,50090% or less100 (1%)11 years90% to 95%100 (1%)Entire loan termMore than 95%105 (1.05%)Entire loan term

Also, we were wondering what initial steps on starting a business would entail (LLC, Syndication, etc) Any feedback would be fantastic.

So be prepared to change the listing once it gets resolved or pull it altogether and restart.

We are requesting transparency in context behind these actions but wanted to prepare with a lawyer.  

This is the essence of mortgage planning, planning for your income today, where your credit and assets are, and how to get the new acquisition.There are ways to know now so that you’ll be prepared to deal confidently with a seller when the time comes. 

Save up so you're financially prepared.

I am hoping that the last two weeks has been enough time to finished up the house and prepare it for a Zillow/Craigslist.