Not a bad buy, but there is better out there.Shame you painted the 2nd bedroom, i hear that shade of green is coming back :)   

Here's a hint, your CPA is going to tell you to write everything off and take a big loss, that's fine as along as you don't plan on buying any more property's, or make a lot of money. 

Will you put some sort of tarp on top of it for shade?

I have a call in to my insurance company about whether they would cover a fire loss in the event of a legal or illegal growing operation. 

Are you including a personal Profit and Loss Statement or a balance sheet? 

If his rental losses are greater than $75,000, is Mr.

This is a risk of doing the deal and it's really not assigned to either party but to both, actually the property account, funds set aside and if not spent or costed out, returned to project as profit.Insurance takes care of other risks and expensed.Unerwriting risks, this is the process of selecting a profitable investment, just like a stock broker picks a great stock or a bond underwriter selects a good risk that does not incur a loss.

Flowers say "I love you, sorry for your loss and "let's have a wedding" to name just a few.3.

Past June of 2013 you will be stuck with the FHA mortgage insurance forever regardless of the value of the property down the road.FHA has been given a mandate by the government to replenish their losses from foreclosures the last few years.

IOWs, when one borrower gets too many loans a loss of that one borrower can cause significant risk to a lender.Regulators will frown on releasing a party for the sake of the rinse and repeat tactic with additional loans made, but there can be some leeway based on the aspects mentioned as they near concentration levels.This is why investors really need to establish good relationships with several lenders as at some point, using only one lender, they will have to say no at some point. :)