Also in my area, though we have rentals on the MLS they are not a good source of rental leads.

If he knows nothing of real estate but wants to invest in it, he should put ALL the money in some sort of savings or money market that generates a yield, and take the time to learn as much as he can in real estate.

I understand that a higher debt balance would lead to a higher effective interest rate but i do not understand how the loan term would change (unless the buyer opts for the same monthly payments before and after the capitalization of the closing costs)

Thanks foe the lead.

I'm looking forward to networking with all of you, and am always looking for new buyers (including wholesale), as well as finding new leads, sources for private money etc.

How do I screen a general list of names and addresses of homeowners in a city zip code to find the ones that have been published on Lis Pendens list? Do I have to be a paid member of some website, go check county pub...

Because I have not received a payment as of yet for November I emailed her and her work email bounced back to me which leads me to believe she is no longer employeed there.

-My thoughts at this time are that if I purchase this house I would try to rent it when I am finished at 1400-1500 and if I am unable to generate rentors immediately I would concomittently have it for sale, hopefully to break even.

Fixed rate - if you can lock in an interest rate of ~5% and generate a annual ROI of 18+ percent (in today's dollars), you're always going to beat out inflation - even if you don't raise rents.

Oversimplifying your purchasing decision using ratios and other numeric data can lead to some poor purchase choices IMHO.