But you may not know how severe the movement is unless you have experience evaluating such things and have a basis to compare.

In the 4 months prior to January I was going to build my buyers list, find an investor friendly lawyer (which I did thanks to the good people here at BP) and to learn as much as I can about the wholesaling business.

Like most investors here I require my tenants to get utility service accounts in their own names prior to move in.

whats on your checklist prior to buying property?

In general I think it would be fair to pay the LPs back first prior to any other distributions being made, but I can't really speak (write?)

I have someone that has the income but on their credit report that have a two unpaid cell phone bills, a mortgage from a previous house, a lease from a prior house that was unpaid and some other things.

I see many investors placing on the market prior to spring with success.

I really enjoyed the process of my first deal and would like to do another one sooner...If I get a mortgage on the house, I'll probably be looking at 3000+ in closing costs, which is a lot compared to the amount invested.

I think I will go this route as the PMI will not add a significant % to the interest when compared with interest I would pay to get that 20k by other means (student loans not paid off).I have found a house listed at 125k that is a 3/2 1000 sq. ft. ranch with nice updates (granite countertops, hardwood refinish, cherry wood cabinets, finished basement, modern bathrooms, etc.), garage, deck, and an 800 sq. ft., finished, basement.

Yes, prior claims may affect the insurance premium for the next year ot two, but the existance of a prior insurance claim is irrelevant in the context of a seller disclosure.If this is going to be too much of a concern for Young S, then he/she should move on to another property.