I went from being the typical person living paycheck to paycheck to now only spending 55% of my paycheck by cutting out all unnecessary expenses.After putting in around 10 offers I finally had one accepted back in June 2017 and did not close till the first week of August due to lender delays.

One problem I see with that is that, in competitive markets such as mine, going too conservative rather than nailing down a very close cost budget could price you out of the chance of getting it, therefore, I do recommend to any wholesaler or rehabber to really learn how to get more detailed and more precise means to calculate a rehab so that you not only provide accurate info,but you avoid the unnecessary chance of pricing yourself out of the deal.

Taking on a rehab on a multi-family that's also your first property and primary residence sounds like a lot of unnecessary stress.

A contract may be completely unnecessary depending on what you purchase.

Do you think it will be a problem in the future because HOA may impose some crazy restrictions (no renter or start charging an excessive HOA fee etc.)?

@Jonah StavskyI'd go 2 ways:First: Hey tenants, I'll pick up the cost this time, the next one is on you. or......Second: I'll split this unnecessary plumbing bill with you, next time it's all on you.

This is one reason that most landlords impose a size restriction on pets.

Its hard, not imposible.

I think there are examples of when I feel title insurance is unnecessary:- Deeding a property from entity you own to another entity you own (aka: deeding a property from your name to a trust).- Recording a 1st trust deed for a sophisticated party that is short-term.

In addition to the mandatory 5.7% tax imposed by the state, Barnstable, Nantucket, Dukes and counties will be subject to a 2.75% tax to fund water protection efforts.It's not finalized yet.