The first question you should be asking is if the loan is assumable?

(Also not opposed to very specific advice either).Ok, for starters, let’s assume I have $100k cash to invest in real estate (ideally multi-unit properties).

So, this type of language is not included.My recommendation would be to not -- assuming you haven't already -- submit the contract package (you generally have 48 hours from notication of acceptance and if you don't submit in that time, your bid is cancelled), and then rebid at a lower price when the property is relisted.I'm actually up in Milwaukee this week working on a big rehab...very much enjoying the nice weather!

I'd have to pick a property up at deep deep discounts just for the brain damage of learning a new market and due diligence required.OTH, if you are a subsidiary of GE Capital and can buy 15 properties in an area, that changes things, I assume you're not in that position.Good luck!

I used to assume them and then, in some cases, later streamline refi them.

WEll....assuming DTI, scores, public records etc......yes.

I am assuming by your numbers above that you either did some improvements to increase value or bought 30% under value.

The biggest plus I've seen is that FHA loans are *assumable* - not a big deal with 4% money, but in the future it could be huge.

The landlord policy will include liability at different options, IMO 1m is plenty.The Townhouse HOA (I assume since maintenance is covered) should also be insured, check what they have, the liability amounts and if it covers tenants.

I assumed it was public knowledge not to hide it but perhaps limit future losses.....but then again, it might not be so bad of a hit, I wouldn't hold it, but he may be happy to.