Otherwise, it's hard to know what you should pay for, or whether your should engage, a property management company that will generally take 8%-10% of your revenues.In addition to finding a good book - Nolo's got great ones, and Jeffrey Taylor's Landlording Guide is fantastic but more comprehensive - I'd also recommend looking at property management software suites.

The option can be extended for up to 6 additional months for a feea

Prospective homebuyers rely on the inspection results of certified real estate home inspectors to gauge whether they will proceed with the transaction, require additional rehabilitation work from the seller, or turn down the deal.

In addition, having someone in the property is going to reduce the vandalism or weather damage to the property.FM is going to outsource the the property management.

I'm in WV, but you should be able to go to magistrate and only be out $50 to $100 to try and get back you deposit plus court costs, maybe some additional damages, it wouldn't hurt to ask.

Many of your replys were from agents so I would take that into consideration when reading their responses.In my experience, I have had agents scew up and cost me money on investments in the past, no one is perfect of course.My advice is this: If you are doing the work and research, are experienced enough to handle contract negotiations, etc. you can absolutely use the negotiating technique with the seller that they do not have to pay the additional 3% to a buyer's agent and as such, can reduce their price by 3%, or by 1% + 2% cash back to cover some of your closing costs.

BOA wants the additional 2500 to come outside of Closing.

Having a proper business plan, multiple exit strategies, and the ability to properly analize the investments are also key factors in addition to purchasing at a large discount in any economy, bad, or good.

In addition, they talk about writing in a provision which gives possible future owners the responsibility of paying for repairs below $500 while they are renting and considering exercising the option.

Broaden our options to include buy and hold, lease-purchase, in addition to new const. and rehab.3.