I like to go 30yrs and pay extra principal.

As a part time investor who works 9 to 5+, I actually appreciate the extra time to mosey out to take a look.

I've found some instructions on how to go about finding properties from probate.The first step is to check the daily obituaries (for me, they're located on the right part of the screen on this page: http://www.detroitnews.com/section/obituaries) and gather names so I can check them against the county property ownership records to see if the deceased owned real estate.No problem there.The next step is where I'm coming across issues.Step two, is to check the county property ownership records to see if there's a probate property associated the name of the deceased.When I for some of the names I found in the obituaries (http://www.waynecountylandrecords.com/RealEstate/SearchEntry.aspx), I'll find other types of records for their names, but I've yet to find any records for these individuals that are of the types "Probate Court Order" or "Probate File."

First get qualified for financing, then shop for deals ;-)If you do FHA you may be able to find one eligible for 203k program giving extra cash in the loan for rehab.

Lower expenses, work extra hours, sell stuff, pay down debt, etc.

That said, since the beneficiaries of the restriction are the owners, you could go to them individually and have them sign a waiver re the provision.

In the third year, nobody really seemed to care anymore, unless they needed flood insurance, in which case they only cared about the extra money they had to spend.If you want to see some rehab numbers on the two flood houses I've done, check out Houses #19 and 35.

The reason is there will be rehab and extra time and energy for the return spent and also no income coming in.Even if you go 60% costs the numbers still work at the purchase price.

Has anyone on here ever added extra income or not deducted all eligible expenses in order to show more income on your schedule E?

The other thing you can ask for is a cosigner from someone with better credit.Usually they move on to another landlord with lower standards but I have people jump through my hoops and with the extra "skin in the game" they have been better than average tenants.