we are in great school district w low crime and highly desirable mid century aesthetic. 

I assume this is referring to paying extra principal payments into your closed end loan (fixed loan that cannot redraw your money back out, aka, not a line of credit):- Interest on a 360 year fixed is calculated per month so it doesnt reamortize mid month so that means if you pay extra your interest savings on that lower balance (paid with extra principal) is not recalculated till the 1st of the next month so your daily interest rate is still being charged at the balance you had on day 1 of this current month.

Purchase price: $194,025The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sale package.

Thanks for the breakdown - very helpful.In regards to how lenders look at the rent - I'm ultimately wanting to make this a Mid Term Rental if I hold it. 

Hello BP, what are the lender requirements for Mid-Term Rental income?

They meet 8 times a year - and if they cut rates 1/4 point a meeting that could mean that by mid next year we could see a 1% drop from todays rates... and maybe 2 points in a year if we were really lucky.  

I ended up living here longer because I got into real estate full time and didn't have the energy to finish fixing up, but moved out a couple months ago and it's almost ready to rent out as 2 units for Airbnb's or mid-term.

But that’s not necessarily true for the spring semester which starts mid January.

So he's saying he has had some degree of issues with his toilet since mid April but he never bothered to contact us about it.

It's mad dope yo. mid west rust belt areas have been the hot spot since I started BRRRR lending in 2002 in Detroit.. nothing has changed..