By the way - check out these two articles from the BP Blog, as they might give you a little extra insight: 1.)

Typically about $300 and paid directly to the folks doing the dewinterization/rewinterization.Its a good assumption there are breaks in the lines.

Your points were very identical to what he mentioned.Any extra advice is always welcomed!

Insurance – they have extra liability protection when they lease option to me.

Most of them were just letting me know there was no property to speak of, it was only an empty lot.But I just got a new, updated list from Listsource and have included extra parameters to exclude these types of listings.So far, no deals, but getting there!

As a matter of fact, I prefer pet rent because an extra $25, for example, is $300 every year they stay ... whereas a pet deposit is only about $200-300 once if there is damage beyond wear and tear.

The second property will either go in my name or an LLC name, depending on what I hear from our lender – or you fine folks suggest.

It was money well spent and now pales in comparison to the money we make on our deals.That being said, there are plenty of fly by night folks out there and the out of state thing does make it more difficult but not impossible.

On one I contracted myself out for work on extra jobs and set that money to the side till I had 10k saved and used it for a downpayment.

Even as well as I think I watch my money I know looking at a $17,000 difference in what my loan balance would be I know I prolly squandered a decent amount of that extra $250/m in cashflow.