I also bought a house in Memphis, TN last year, same thing, Home Inspection and Appraisal.A little extra advise, don't fall into the trap of a "hobby" Real Estate Investor.

In back yard there is a back slab porch area where the basement walks out and then a small in ground pool.In the back there is woods past the pool so no extra yard unless the pool is filled in.

He charges $100 extra for the tile, but doesn't charge me since I give him so much work.The only negatives are that the price is cash only and he's usually booked a couple months in advance.I don't know how he makes any money as he is there for about four hours and has expenses for materials.

Assuming you can get an appraisal at the price you're purchasing (not ARV - if you want to borrow against ARV, you will have to find a HML or a broker who lends from private investors), some banks don't do small loans or charge some extra points for loans less than $50K etc.If you have fewer than 4 mortgages, one bank to try is Regions Bank.

Its going to be a duplex/triplex that I live in, so if I could pay $200 and change a month extra to be done in 11 years, I'd be willing to believe I can make that happen.

If you run your own consulting business, a few bad business decisions can make 'extra money' go away.Hire my IT firm as a subcontractor, pay us $20,000 to back up your PC.

Hi guys i currently working on short sale when i submit a offer for this property i use my LLC but is being a night mare they raise the property price twice they ask me for '' LLC Operating Agreement'' and now they asking me for my permit of my business or my operating licence is this is pretty common on a short sale or just here in Oregon I have solo ownership of my llc does anybody know what kind of licence m'I Supposed to get for this.

Add fire, un-licensed/un-permitted electrical work and code violations to your list of worries.If your tenant wires up the tub without using a licensed electrician, the work will probably not meet electrical code requirements.

I was just factoring in extra dollars to pay for eliminating the smell

No extra paperwork is needed, it is assumed that the new owner inherits existing tenants/leases.