Every home we look at is going 50-60k over ask.

I have had 6 people sign paperwork to buy the home over the last few months, but even the cash offers have pulled out when they see the price of Homeowners insurance in Louisiana right now.

Over several years, I have worked hard to save up for a down payment, and I currently have $200k set aside in a money market account ready to be put to use.

I would think as long as I prime and paint over it, it would keep the moisture out.

Additionally, i have contacted customer service and they have not been able to give any support other than asking for the same information over and over again. 

A family acquaintance was leaving town and asked if we would be interested in taking this over How did you find this deal and how did you negotiate it?

It worked, I got a few deals that way after awhile, but there are more efficient ways to market if you have more capital to work with like PPC or hiring VAs for lead generation.I'd still advise that if you're just getting into business, I would start slowly in terms of marketing spend.

Purchase price: $340,000 Cash invested: $100,000 This is a Mother/Daughter with a water view - We rent it for over $3000 a month What made you interested in investing in this type of deal?

Winner, winner, chicken dinner :)I'm not sure how many tenants I've had over the years but it's surely been over 100 in my personal portfolio, not including those in properties we've managed for others.

We initially budgeted $50,000 for renovations but went over by $12,000.