I own the building next door so good indications of true rent values.I did FHA owner occupied.Willing to do either owner occupied(will occupy) or investment(probably occupy eventually)I just need something decent interest rate with a 30 year fixed.

If its damaged, it can be repaired or replaced for minimal cost.

from the price differences and the fact that one of the houses in newly built, while the others are older, means that you are probably looking in an area that has a lot of different style and size houses. this neighborhood was probably built over the course of many years, rather than by one builder.you need to look at sq. ft. and use that as a function in your determining price. come up with a price per sq. ft. for your comps and apply it to your house. different builders would also indicated different materials used to build, establish a discount for houses that are wood frame rather than block.

I ran the numbers on this deal and appears that minimal rental (to break even) would be roughly $780 monthly. hopefully you've already figured that you can collect more than this.Good Luck!

Thanks John.Great information.What I have been learning about the social network sites is that they are a tremendous way to spread the word at a very minimal cost.

It's a nice psychological tool to indicate a level of seriousness.

Just click on the tabs on the bottom of the screen to see the data for the indicated city.A bubble is clearly present in the Miami data and that market should still have a ways to fall.

You'll be taking money to closing because your ltv will be screwed up by lack of attention to this little detail.If you have alot of equity in a house and just applying for a minimal amount of money...the appraisal will come in just above the amount of the loan ---extremly low.

Learned the hard way and then the easy way by getting educated.Send letters that indicate nothing of the fact that you are here to buy there home, get them out of foreclosure, work with the bank, etc...Send them a letter saying that it is unfortunate that they are going into foreclosure and if they need any help to contact you.

My debt and also my partners are minimal at most and we both hold jobs we could get personally approved however it defeats the purpose of opening the LLC then.