ie. if use my own letter of intent, purchase contract etc. and have my title company manage escrow for me?

They act intentionally, and with purpose.

I originally took the job with the intention of learning everything I could about landlording with the hope of using that knowledge in my own RE Co. one day.

My intention is to purchase it with FHA financing and only put 3.5% down.

If I was approaching park managers today with the intentions of getting to the owner, I would probably put together a proposal that involved bringing in homes and helping the park, fill empty lots.

Again my intent is to assign that one and the assignee must follow up.IMO.. a simple LO contract that you would retain is not worth a possible loss later on.Angelo, I would love to review your contract!

BPI will be visiting a fully rented 11-unit property this week with the intention of buying and holding.Does anyone have a "checklist" of things you like to see and/or document while visiting a property?

Just me (and I'm not a wholesaler), but I'd be completely upfront about your intentions.

Hi everyone, We are currently living in Queens, NYC but are considering a move out of state (getting tired of the winters, high cost of living, need more space for our growing family).One of the things we are considering is moving to Florida with the intention of also purchasing an investment property to create some positive cash flow for our income.I was doing some research online and have found that many people recommend Lake Mary as an area that has nice neighborhoods, decently priced homes as well as investment opportunities.I found a few listings for 1 bedroom/1 bathroom condos in Lake Mary and I was crunching some numbers to see if investing in one of them would make sense.Here are the stats for one of the properties:$30K Listing Price for 1 Bedroom - 1 Bathroom CondoRegency Park at Lake MaryDown Payment: 33% ~ $10,000Mortgage: 30 year, $20,000 at 5% (estimated interest rate, correct me if I am wrong)Income:Average rents: $600-700/month (let's assume $600 for this example)Expenses:HOA fees: $150-175/month (let's assume $175 for this example)Taxes: ~$500/year, $42/month (estimate, correct me if I am wrong)Insurance: ~$500/year, $42/month (estimate, correct me if I am wrong)Vacancy: 10% of gross annual ~ $720/year (estimate, correct me if I am wrong), $60/monthMortgage Payment: $107.36/monthManagement: 10% of gross rental income, $60/monthTotal Expenses: $487/monthTotal Positive Cash Flow: $113/month Am I missing something from this calculation?

Being married would make it very clear to the lender that you can just keep paying the mortgage, even if he dies.If he says "no" to putting you on the deed and marrying you, then, IMHO, you are being used and he has no intention of taking care of you if he dies.