Another property covers your entertainment expenses.

Insurance almost denied the claim stating it was not covered as a rental.

Do your homework and make sure that your rental income is enough to cover your loan or operating costs plus you want some cash flow each month.

Especially if you're trying to get into another property, if you kept the house and got into another investment you may run into a snag that you have to cover costs for too.

(You will still likely to need to pay points and pony up the 1st phase of rehab, plus pay interest and cover carrying costs until it sells, so some cash is needed).Here's one located via googling (based in NYC) that says they'll do 100% of ARV, lending in NY and a number of other eastern states:http://rehabfinancial.com/loan-terms/

HAS PATIO AND COVERED PARKING.NEAR STERLING AND WINNER ROADMONTHLY INCOME OF $2000ASKING 110,000 Make offer.Possible financing.What I get from this is someone with a possible cash problem as the property has only been partially remodeled.Would a reply back be along the lines of a sweat equity arrangement?

I am looking at properties in the 50-70K range and will have enough cash to cover the 20% down payment.

So the total loan is going to be $21,000 and you'll come to closing with $7,000 to cover closing costs and the rest of the purchase.

I had the flexibility.While the competition was trying to find ways to increase revenue to cover the ever increasing holding costs through rent increases and providing fewer services, I was taking their tenants and making deposits.

Update your future leases to account for this type of situation.If it cover this, chances are you can post your notice to quit since she hasn't paid rent.