These are the numbers from the mortgage company:Closing Costs: $8,679.11 (half of this is lender points for a lower interest rate)Prepaid/Escrows: $2,211.79Payoff: $130,189 (this is the loan I took out to purchase the home initially before renovating, I put down $23,025 which was 15%)Total funds to Close: $141,079.90Loan amount (75% LTV based on $240,000 appraisal): $180,000Total Due at closing: $38,920.10Help!

My realtor found it before it was even listed on the MLS and since i was already pre-approved, we put in an offer within 2 days.

People says its a rare occurrence for lienholders to call the note as long as they are getting paid, but they have a right to call the note due in full if they found out the owner sold it to you in a second lien position. 3.

PITI: $1,200.5% Down Payment of $163,000 Purchase Price.Property Appraised for $190,000 right out the gate.Originally paid Gas/Water for both units and electric for 1 side, but am in process of switching electric over to new tenant, which should save $140-160/mo. 

You would be borrowing pre-tax funds and paying loan back with after-tax dollars at 5% that you could invest in tax-deferred environment and grow your wealth at 10%+ rate (there are many opportunities that would allow you to earn at least that such as private lending, syndication, note fund, etc).

Hilda, one approach that will help take the emotions out of the wayby not having to directly talk to the seller, find a good buyer's broker :)And in the meantime build a 720-800 FICO and get pre-qualified soyou're ready in case they don't want to do owner financing.IOW ALWAYS HAVE A BACK-UP PLAN in BUSINESS which is not personal...

Also they find agents from some paid platforms where agents had to buy zip codes.

We paid $220k and realtor listed it at $238k.

They did put some work into it, so perhaps haven't paid down quite that much on the loan.  

Two follow up questions(1) If the town does not re-assess on a refi, does it just assess based on its pre-determined schedule for assessing properties?