Tell your agent what your expectations are.

You can't expect to find a deal like this if you're looking for one where you'll have $30k out of pocket.

Additionally, if you represent a buyer or seller in a real estate transaction, and will also be compensated for obtaining the loan for the buyer, Commissioner’s Regulation 2904 requires you to disclose, to all parties in the transaction, the form, amount, and source of the compensation received or expected for the loan.http://www.dre.ca.gov/faqs_mlb.htmIt doesn't give any info about how to get into the game, but it's something.

Vicky,Are you expecting to bid in the future with the intent to buy?

On selling, what kind of taxes/expenditures can I expect and how much?

Now in reference to Texas' real estate licensing laws, here's the text directly from the Texas Real Estate Licensing Act for what a broker is:"a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following . . . . . .

I don't expect huge appreciation and I want to invest for the long-term.

:welcome: Hi,The average 30-year FRM and 5/1 ARM both declined by two basis points to close at 6.33% and 6.12% respectively.Though it was expected that inflation could be restrained within acceptable limits in the coming months, levels are still high and are not proceeding along predictable lines.

One poster said yesterday something like expecting 50% of the income to be used up in property management things: the management companies fee, various repairs and maintenances, vacancies, etc, and much of the remaining money will go to mortgage (P&I) and taxes and insurances.

Can your tenants in that house, in that area, be expected to pay more each year?