We just simply outgrew them sooner than I anticipated.

I see a recession is coming probably sooner than one likes driving LV value down again. 

@Nerissa Marbury another lesson to be learned -- do NOT have anything made of glass in a rental, because, sooner or later, a tenant WILL break it.

(the down payment is completely relevant to the seller)Interest- 7% is pretty standard...it's a premium paid for consideration in carrying the noteAmortization- 30-years is typicalPayment- I would look for the actual P&I based on the amortization schedule, but again, this is relative to the sellerBalloon- 48-60 months is common, and this is completely up to the seller as well (If sellers are leary of the time frame, I always agree to attempt a re-finance sooner...but no guarantees)Some extras:I always pay the listing agent's commision based on the transaction price...otherwise, you can structure a partial commission the first closing and a second commission when the balloon is due...waiting 48-months for the rest of your commission is crazy, thoughWe pay all the doc prep fees (note/mortgage/amortization/assignments/personal guaranty) Typically around $300, so not bad.- use the attorney at title and add it to the HUD-1We use a clause in the note that waives the right to defend a foreclosure in default, so the property returns to the seller without contest (varies from state to state I imagine)We also pay the sellers closing costsAll of this stuff is negotiable...you can always push things with these...like lower the down payment and have the buyer pay all your clients fees and your commission, etc.Give me a shout if you want to chat more about this topic.

I could have repaired the gas pipes sooner and had heat to the property.

The faster you foreclose the faster you get paid and the sooner you get to reinvest the money in to a new project.

If I knew more about the KP space, I would have sought one sooner.

@Brandon Sturgill and to the rest of the community,My apologies for not following up sooner; I thought I had.

They are part of a condominium complex where renters have access to all amenities: typically one or several pools, a gym and yoga room, a spa and steam room, a kid's club, one or several bars, underground parking and a private outdoor area for residents.

Thankfully those days are past us and now when I hear about a client selling a property I know we'll do business again sooner than later.