The cyclical areas would be better suited for investors looking for larger gains, but over a longer period of time?

. - wanted the option to do some renovation during lease period. the owner has countered with: - $70,000 purchase price (full list price) - $5000 non refundable deposit - $700/m for 6 months and 3 month extension. $100/m going toward balance - can do only cosmetic work during lease period, no structural work allowed.

I'm also certain that there are people in jail for bank fraud for schemes or thefts for some pretty petty amounts, a bank employee here got a year of housing plus a probationary period for ending up with less than fifteen hundred bucks of the bank's money.

Here, on a residential lease, we are not permitted to request or collect rent further in advance than the next rental period.

Also ask them about seasoning periods, loan to costs (LTC), and loan to value (LTV) requirements.

If there is no inspection period, yes.

There is a 6 month redemption period according to the SD.

@David L.If your lease period is monthly, then you want to be certain your new tenant's semi-monthly payments are both in-advance of the next period (i.e., by the end of the month, he has paid the rent for the next month) and not 1/2 in advance and the other 1/2 part-way though.

I originally anticipated getting rid of the house before the holidays but we had some setbacks that put us right in that period unfortunately and we were stuck for a few months.

If you have to get a leasing agent involved then you can tac that on to your vacancy period.