I'm just thinking out loud here.I'm assuming that as long as a sufficient percentage of the rent covers the mortgage, taxes and insurance, then this wouldn't hurt my chances of acquiring a second mortgage for the purchase of a property in Florida.

This topic has been covered extensively.

Now I understand that this topic has probably been covered, but I would just like to bring it up in order to hear from other new members with knowledge in financing and help me with it.I am interested in buying condo in a very nice are where property values are steadily rising along with rents.

The wholesaler has already offered to cover my appraisal.I am also wondering where this property will end up.

Should I pull a few extra thousand out of the refinance and hold it to cover like the mortgage when its not rented or any unforeseen repairs?

Do I have all of the expenses covered?

Eventhough this area code covered less than a square mile, it is a very diversified area.

Will the amount you can collect in rent cover that and still give you a few hundred dollars in your pocket each month?

He can't even afford to list the home with a realtor because he doesn't have enough equity in the property to even cover the 6% - 7% commission he would have to pay a real estate agent.Now the Seller's new home is finished, ready to be moved into and he needs to close on it.

If you are going to market independently, you need to cover the following bases at a minimum (listed in order of importance): a.