Keep in mind that property taxes are high in Grand Rapids (close to 2%), landlords typically pay for water, and repairs and maintenance costs are higher in Grand Rapids than other areas because you're dealing mainly with properties built in the early 1900s that require a lot of upkeep. 

For instance, a lender may have a guaranteed-interest requirement (typically 3 months) instead of charging a percentage based on the remaining loan balance at the time of payoff.

Typically they want 20% down to avoid PMI and have a rate around 5%.

I’ll typically look for properties sold within the last 3 months, within 10% of the square footage and having the same amount of beds/baths.

Typically the cheap is "unmodified", and the more expensive is modified with latex polymers, which makes it more resilient.

I understand that everything is up for negotiations but im curious what a typical arrangement is like on that example?

I typically buy B or B+ to prevent major rehabs but this is a C- property.

They typically need to order "higher spec" products to meet the requirement.

If they weren't home and we don't hear from them after that letter has been delivered, we'll typically call, text, and/or email to touch base (depending on what contact info we have).

It appears that because these loans are structured like a typical loan (i.e. there is no “final” distribution of pre-tax retirement funds) I don’t think there would be any tax consequences.Mark Flynn CPA