I only did the main living areas and it was $1400/3 months (I only ended up using for a few weeks, but they had a minimum).

You will need an option agreement that gives the tenant the option to buy the house and then you will need the regular rental agreement.

If the bank won't allow "and/or assigns" you can put it somewhere else in the verbiage of the contract and see if it gets thru...or, you can simply make up a fee agreement with the other parties involved outside of the two principle parties (buyer and seller)...most important - get it in writing!

In large part your practice will depend on local market conditions, however, in any event if they are not moving in within 7 days, at a minimum you should get a cash or certified funds hold deposit.

. $5000 is what I'm understanding the minimum I should shoot for in calculations, but it could be more.I know that's a real basic overview.

I do not consider a 380 a good defensive round either, nor does anyone at any CCW site. 9MM is bare minimum, and I prefer 40 and up.

A garage is not a residence, so LL/Tenant laws generally don't apply (as long is it is not tied to the residence agreement).

If you are certain, get it under contract for said $425,000Make sure you contact a GOOD investor friendly title company that will allow you to double close, or simultaneous close.You then write another purchase agreement from you as the seller, and the new buyer for $500,000Once title clears you go to do your double closing.The only issues is how is the new buyer going to finance the house?

Nice job avoiding the soap box grandwally, seems like we all have to tread lightly on that subject.To answer the question, most experienced investors do shoot for a minimum of $100 per month, per door in cash flow.

Option ARM borrowers are overwhelmingly paying the minimum payment.