A lot goes into to acquiring and managing any real estate so make sure you take the time to learn the fundamentals of analysis, management, etc.

We wanted one that gave you the final say on who might rent your property

what did you end up doing here Erik never got a final decision post

I have done my analysis and the numbers will meet the goals I have set for myself.

When doing your evaluation of the comparison between your current mortgage you need to make sure you are only including closing costs and not including the prepaids when determining your breakeven analysis.

Finally got notification the bank has accepted another offer, agent emailed and asked if I wanted to be put into a backup position, I said sure...asked if I need to modify the contract to include a backup contract addendum he said no, he would "make a note".Oh well, next!

There are still banks lending up to 52% for FHA if you have offsetting factors.VA you can go even higher because they also do a residual income analysis also.

(I hope I am posting this in the right area) It has always been a lifelong dream of mine to own rental property, and I am finally ready to take the plunge!

Have you included all expenses in your analysis?

I am curious about the final selling price and DOM.