To your original question Karen, as private lenders you are going to get deals where borrowers have low credit scores or are in tricky financial situations.

If i'm okay with the breeds then I charge a second pet fee (usually half of the original pet fee).

(to keep things simple)Property was primary residence for Person A from original purchase until 01/2020.

Maybe if rates drop a bit and the market improves they can either try to refi again to pay us back or original investment or try selling later down the line. totally regret doing real estate at all - this is out of my expertise and I’m paying the price

Originally posted by @Chuck Hattemer:Hi Amit, I do apologize if I came across the wrong way.

I am originally from Chicago too and just bought a condo there as a second home for personal use.    

Wouldn't advise tying payments to only the original price, should also be tied to portfolio retention - otherwise you could lose all the doors you bought while paying out all the revenue to the seller and your expenses. 

Or would it simply be better to stick to my original plan and just go out of state?

Originally posted by @Cameron Price:Originally posted by @Andy Holland:Yes this is true,Technically the tax rate goes from 4% to 6%.But in real life is is equal to an increase of around 3 times that of an owner occupant. 

@Samuel It is my understanding that you can recast the loan if you make a large payment which should keep the original low interest rate and give you a new adjusted, lower mortgage payment going forward.