In addition, you'll also have to see how much work is needed to get the home fixed up (i.e. floor repairs, roof repairs, air conditioning and heating, plumbing, etc).

It’s great to hear how low vacancy rates are and that there aren’t any hidden taxes or additional fees in the area.

Additionally, you will be required to show two years of tax returns and have cash on hand in order to qualify.

Overall, we don't want to end up renting and not have our money work for us in the interim-we want stability for our children and in addition to my husband's business something to pass down to them, but we do not feel like we have to run out and buy a house now to do that (unless that is a good idea?!)

In addition to what's been said, you should get a good lease put together with any updates you want to see in it.

In most standard policies the insurance company will provide an additional 10% of the dwelling amount for "other structures".

@Ryan DeasyApologies for the newbie question.I understand the numbers you posted regarding the initial hard money lender based financing you obtained on the property.What I’m trying to understand next is after you rehabbed the property and got it re appraised for ~ 255k, did you have to put down additional capital?

Then include a clause as to what happens if they aren't and additional damage results.I'm curious if this house had a second bathroom and if they continued to use the tub after they found the crack(s).

In addition to consistency (and it doesn't have to be 1000's at a week) you need to look at the target audience.

Will PM when I get better bearings or additional opinion.