Now this is all comparing a one bedroom multi to larger numbers of bedrooms in a single family.

You can deduct the expense, yes, but that is hardly, IMO, a "phenomenal advantage" as mentioned above ;) at least if you compare it to having an employer cover half of the expense or more.I have never had a job with benefits, and health insurance remains my single largest monthly expenditure.

I wanted to make sure I get the process correctly prior to purchasing a mobile home.

If you are working with a family with a property in foreclosure and the owner is deceased, prior to opening probate, you have a time challenge.

The purchaser is deemed to have constructive notice of the outstanding dues by virtue of the recorded HOA covenants, i.e. you need to call and check the status of dues with the association prior to closing and the closing attorney will collect pro rated dues at the closing table.

I have called several local title companies and it seems they just don't offer the right service for doing a title search prior to a trustee auction.

This seller would not give anything prior to making an offer.

. $1500 per year (could be less, property is in good shape)Rent would be at least $900 a month (property is currently vacant, tenant could potentially be signed to a lease prior to closing)NOI - Gross rents $900 - Operating expenses $343 = $557 Cash Flow - $557 - $343 (mortgage) = $214Thanks,Aly

If you think they're expensive, compare the price to a single course at a university or any sort of computer certification course.Jon

An appraiser looks in the MLS and public records and finds a few comparable properties.