Your new mortgage is $426.83. on $86,250This now give you a COC of around 11% in this scenario with about 10K less out of pocket all else being equal.

It's equally important to have a lender who knows FHA inside out if you take that route.Good luck.

They seem to have equal or better interest rates and are SOO much easier to work with.

Owner’s asking price less $30,000 equals your offer.In reality, who pays is not important, just as long as the taxes and all associated costs are paid at closing.

Facts, not assumptions, influence investors.Did you recently read the Department of Defense furloughs is equal to a 20 percent reduction in pay for those people?

If the pay does not equal what you think you are worth, then shortcuts and other methods come into play.

Is it correct that the basis of 1031 exchange is: getting the new property at equal or higher than the selling price of the previous property used in the 1031?

Then I divided the FAIR MARKET SCHEDULED income by all the expenses and the number came to....................49.98%.Therefore, when figuring out the 50% "rule" or "guideline," the first number you need, AND THE MOST IMPORTANT, is FAIR MARKET RENT.And the 'sister' to the 50% guideline is, "If the Principle and Interest" payment is LESS than 50% of the Market Rent, everything else being equal, it should be an investment that makes money.

Definitely pass on him and then check your lease to make sure it has the fraudulent claim equals automatic disqualification.

I've since found someone I trust (and equally reward) but lesson's learned for other distant markets.