With the new lending rules, banks have been even more aggressive when asking for additional paperwork to support large deposits.

2)In option two if you take $120,000 and pay your investor back his $65,000 and say an additional 20% of profit on $120,000-$65,000($55,000) giving him $11,000 of that and leaving you with $45,000.

What will the price increase be for additional tenants.

Beyond that it would probably be an additional $40,000 and 30-40 days to complete it.One point of view is, since the downtown Charleston market is going to probably get hot again in February after a Nov-Jan cool-down, it might sell well in January or February to a buyer who is particular about what kind of finish out they want to see (it will ultimtely sell for $240 per foot x 1,600' for about $375,000).

Due to the age of the homes in our markets, we often have to gut everything anyway, thus we can take savings on the rehab of the smaller space to offset some of the cost of the addition.

In addition, our natural gas utility company is quick to share resources and check out the gas appliances if there is ever a suspected problem.

(Buy and hold) additionally would like to flip houses along the way.

We have 2 new additions to the family on the way and need more space but, I can't justify buying another house here during the bubble.

As a newbie myself, I have an additional question as I am deciding on my target areas too.I hear a lot about property tax rates when realtors are trying to sell properties.

In addition, depending on the broker you choose, you could spend a monthly fee to be part of their firm.