Example:1500sqft x $7= $10,500 update/minor repairs1500sqft x $10= $15,000 more extensive updating/more extensive repairsI know that it doesn't work on every deal.

It does support multiple extensions, but I am not using them yet

In my experience, which is extensive, all you can do is pick up the trash.

We have many members with extensive experience in all four categories you are looking into.

one year lease with 4 possible extensions See http://www.fha.com/fha_requirements_credit This may or may not change from FHA.If they are underwater, it is in seller's best interest to have a 5 year term.You want them to have paid down enough of mortgage due so the seller does not have to pay to get rid of the property.You want the exercise price to be the loan balance in 5 years.The house may or may not appraise for the loan balance, so I would save $100 a month, giving you an extra $6000 in 60 months.Brian

If this is your first buy and hold, or you have limited experience, a property management company can help solve maintenance issues, tenant selections and rent collections.And, perhaps the transaction you're asking for is not sufficient, but for suggestions more info is needed.There is no loan insurance program for privately held notes.

Many I have not put down here because it would just be too extensive, but I appreciate any input.

I've owned some of these properties for over 10 years.I have extensive experience in landlording and its problems and over the years have come up with quite a few personal tricks of the trade which I hope to add to the community over time as it's appropriate.

To me, if the tenant wants to stay, that just means the property manager did a good job selecting the tenant and deserved to receive the new tenant fee I already paid.

You can select the criteria you are looking for and then purchase the list there.Best of luck.