https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...The only way to truly stay up to date on your local rules is to pay attention to your local county/city council meetings and how you can participate.

Likely the cheapest option is to use a HELOC and with the new rent pay off that equity. 

They are essentially giving the property to you at fair market price, so someone is going to need to pay taxes on that fair market price.

I am in 2 of his deals and both are not currently paying a return. 

So my insurance was paying $6200 a month for "barely" furnished 2-2 apartment new the Arboretum. 

Because, for instance, if I am flipping a couple of properties and I am in the middle of the rehab, but it will take a couple of months for them to get finished and sold, I may be paying $4000 on hard money debt payments per month, and if that debt is included in whether or not I will qualify for a refinance, then I may not qualify.

It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

I don't really want to go looking for the financing to pay him his balloon payment.

. - Minimum work history: 1 year (please provide references and pay stubs for the past 3 months; if self-employed we can discuss alternatives to paystubs)

I don't believe in marriage so I ain't paying no engagement fee.