This policy will also give you liability, theft and vandalism where most builders risk policies wont offer those coverages.

I walk my exteriors during the mid-lease and move-out inspections, and the residents know they are not responsible for wood-destroying insects, so I encourage them to report anything that looks remotely like swarming termites or earth tubes on the foundation.

But since I decided I am going to Portland it wont matter anyway.

This post will be dedicated to destroying some of the common misconceptions about the housing market.

talk to the park manager up front , sometimes they get a little heated about these deals going on without their knowledge and you could get title for it only to find yourself being evicted day one (and tyhose things arent cheap to move) , more than likely they wont care.Do you know how to inspect the thing for damages and price out repair costs?

The next house wont be so easy.

So for everyone else out there in a similar position to where we were in 2014: identify your obstacle, destroy your obstacle and go full speed ahead towards your goal(s)!!

I wont write a lengthy story on that. 

We purchased #29 on monday. it's located in garden city, michigan. between westland, redford, canton, livonia and dearborn heights.it's a 3/1.5 bath, basement, no garage. super outdated. this was a strange one. it was a short sale. it came on the market at 40k. got a ton of calls, i made the highest offer of 50.1k. the owner accepted, the 2 banks said "no, it's going back on the market at 69.9k"long story short (long ordeal), 2 months later, we got it for 64k.we wont start on it for some time until we fix up 27, 28. we are backed up with some of the work that we are doing for other investors on BP that are using us for their updates/rehabs.my goal was 35, then i was going to quit my fill time job. i dont think i can get there with the current market conditions. but i will try. no additional pictures of the home yet. 

Very little to no appreciation there unless you force it, and that class of tenants will ultimately destroy any enhancements you make.