In addition, it is my experience that sellers ALMOST ALWAYS over-estimate the income and underestimate the expenses.

Additionally, the order in which they are presented and completed.Is there a thread somewhere that gives a comprehensive list of all the due diligence items that must be completed before taking the plunge?

To prevent this I would learn your numbers for what is a deal from somewhere independent of your direct competition or rather independent of people trying to sell directly to you.

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Additional terms to be announced at sale.

The lower interest rate will save you whatever the additional cost are over a longer period.

Pre-approval means sharing your income and asset information in addition to your credit and having their underwriter review that info even though you don't yet have a home picked out.#3 - don't buy property with other people, especially friends, co-workers, etc.

I've seen people pay over $40,000 on foundation repair due to extreme negligence3) What other issues need to be corrected to prevent a reoccurrence?

If you have it done every two weeks, and they charge, say $50 a visit, then add it to the rent.

But with short term rates so low anyways, those aren't **too** big a factor.Still, add it all up, and there is a basic 'flip' cost that seems to be around 10%.This means that to make a profit as an investor, the price gap between what I pay and what I sell for must be perhaps 10% + fix up costs (call that 10%) plus profit (being VERY conservative, let's call that 5%).