They love it have experience a small bit of appreciation but the numbers there for rentals would not quiet cover your expenses.

-I highly doubt they have rent, plus late fees, plus costs to cover filing-We planned to issue a 30 day if they had paid with the 3 day-I also doubt that even if they paid for May, that they would have June's payment by the 1st.

With an updated appraisal it might be tough to win an IRS argument though if you were to use the assesment, if the IRS sees an advantage to using the most recent appraisal.I'm a huge fan of the 2500 de minimus it gets you the deduction today AND when you do to sell the asset is not covered under Section 1245 recovery.

I ran the check to validate the story and things matched up however, when I asked for the scholarship/grant/aid cover sheet, they said they don't have one yet.

I've never purchased a home so I qualify for FHA 3% down which I can more than cover.

Do you happen to know if there would be enough funds from the sale to cover the first and second lien?

No luck with either.I definitely want to cover all these properties (and maybe our boats and cars, too) with umbrella insurance.So:  Who do I call for umbrella insurance?  

As long as you can cover the monthly PITI payments whilst you are looking for a tenant I wouldn’t worry too much.

I had no idea you were suffering.

However, if you're torn between 2 great options with one being familiar and one not, the familiar one breaks the tie IMO.If you're looking to use the property as a short-term rental, the following locations rank as the 5 best places to buy in 2018 (according to a recent report): Panama City Beach, FloridaChicago, IllinoisNapa, CaliforniaTulsa, OklahomaMemphis, TennesseeYou'll also want to consider any additional costs that may be required to effectively run the rental depending on the location and condition the property is in when it's purchased; including home upgrades, management fees, taxes, insurance, and utilities.Before you get in too deep, though, you'll want to check in on the local policies, rules, and regulations to ensure all of your bases are covered.