Pref Rents are below "legal max" and can potentially remain there forever (or as long as that tenant exercises their legal right to renewals... allowable increases are based on the Pref rent as well.

. $160K and I have roughly 15 months remaining on the 5yr borrow period. 

Goal is to pay him for the house 20K ish have the mortgage for the remaining amount owed and not have to come up with 25% down for the mortgage. 

So if a loan has been in default for ten years, the earliest four may be uncollectable but the later six and the remaining balance are. 

Such situations really irk me, which is why I decided to look into this further (and assume I have the right case.)My feedback remains to speak to an attorney.

Depending on the type of Heloc you get its interest only payment for the first 3, 5 or 10 years then the remaining time will be a payment of principal and interest. 

Augusta, GA’s housing market has remained strong and steady through the ups and downs nationwide due to our large military base, Ft.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

This is the stage of the process where your lender can issue your loan docs out to escrow/title/settlement and these folks can schedule your signing for closing.Before it can reach CTC you'll need to make sure all income/assets/credit remain the same so that means no changes to your credit that are bad or adverse, no job or income changes ideally, and hopefully those funds you've set aside to close with are still "there," so we can keep this closing on track.If you had any questions left feel free to fire them off.

Remaining mortgage is $171,000.Property #2 is a single family, conventional fixed rate mortgage.