Make sure that you are compliant with CFPB regs else you will eliminate a large market of note buyers since their servicer will most likely refuse to service the loan if not compliant with federal regs.Bob

Here are a couple take-aways for you.Consider offering MTM leases in the future, as you can more easily disentangle yourself from someone whom is not fitting in and messing up the feng shui.It wasn't required this time, but every time you have a "conversation" with a tenant, always memorialize it in writing by sending a letter, restating what was discussed and the action steps that were agreed to be taken. 

I am an Army physician and was told by “big Army” I could easily extend to a 6yr assignment if I desired. 

If you close on the property and then discover the roof is leaking, the main sewer line is nothing but tree roots, really any major expense, that can easily put a borrower in a position where they do not have enough actual cash to solve the problem, so the property loses value due to deferred maintenance, or the borrower digs themselves into more debt, making it even harder to get another loan to cash me out of the equation at that upper 20% of equity.

I plan on renting the property at the cost of my monthly payments (which is easily attainable in the market) to insure the mortgage with taxes and insurance included.

The information asymmetry between the buyer and their agent renders the buyer in position to be easily taken advantage of - as they so often do - which exasperates a lack of assurance and an overall negative experience for the buyer.#3: Many (moral) real estate agents understand that hypothesis #2 is a real problem and - if given the chance - would want to be able to demonstrate to their clients that they are trustworthy and reliable.QUESTIONS FOR YOU:A: Is hypothesis #1 a problem for you?

I have also found that if you eliminate your big ticket expenses, like rent, or a car payment- you can still afford those little luxuries.

All these expenses easily eat away the gains I accumulated over timeWondering if other members typically purchase a home warranty of sorts to minimize these expenses?

Flipping contracts is not something that comes easily and requires you to be resourceful.

It could not easily be turned into a duplex, I wish it could be though!