Hey everyone,New investor here, I only have $20,000 available for a house flip project which cost $220,000 and the rehab cost $60,000 making it $280,000, all other additional costs including closing costs sum it up to $300,000 for the deal in total.

Always ensure you are keeping ample documentation, from start to finish AND have an aggressive screening criteria in place, you'll find tenants that are low risk "good", avoiding filing 9 times out of 10. 

Yes, lots of people invest in Pueblo and Pueblo West - including myself.All that really matters is buying at a reasonable enough cost so that your rents after all expenses get to like a 7 or 8% stabilized yield on cost.  

Finally have that egg and I can put 10% down on an FHA loan, but I am trying to sort out what I can list as income when I am looking for pre-approval.Typically you are able to include the rental income from the other units when listing your income, but if I'm not certain what that rental income will be am I able to use an estimate for this?

. - The deal should include an agreement to put the extra 3 year extension into effect at the same current monthly payments of $2k/ month.

This includes the washer and dryer.

I've read many times that it's simply included in the LOI terms and clearly established/negotiated with listing agents whenever present... but what if the LOI isn't legally binding?

Always good to work in dollar amounts, since dollar values weren't included in the original post I don't have any dollar values to work with here. 

This is the message from my insurance company:  "The reason for nonrenewal is...your operation includes a building that is a converted dwelling.

I also have rentals in multiple states and have done tax appeals on my properties, including 2 in TX last year.My general advice would be to contact a realtor or appraisal company that deals with tax appeals.