If so, the lender may for d to you pay off that loan when you sell the property.

They own the property, they set the price.I would love to drive a Ford GT, however they cost $400,000.

@Paul Khazansky just curious, why the $250k minimum for DE? 

Just like Ford dealerships don't necessarily have the selection of Toyotas that you want, not all banks have the mortgages you want, and most aren't REI friendly at all unless you're a rich dude buying 100 unit apartment buildings. 

Hey @Kim Ford welcome to the site and you can find the analysis tools here: http://biggerpockets.com/analysis

I'm John Ford and I bought my first home in 2005 in Atlanta's Old Fourth Ward neighborhood.

Favorable business conditions and a reasonable cost of living are largely driving growth.It's the tertiary markets: midland/Odessa, eagle ford, etc that will be impacted in a meaningful way by oil prices.

We are hosting a "meet the candidates" Sept 1st at Hoffman ford (5200 Jonestown rd, Harrisburg PA)  Starts at 6pm, we are providing snacks and drinks. 

@Kim Ford what are your objections?

Hello BP community, so I have been lurking for a few weeks at all the posting and advice on the forums and have finally convinced myself that in order to maximize earning potential on a property I have been holding for a few years now I will have to convert it into a multiplex. the details are as follows:currently, owe 120K @ 4.7% 6300 sf ranch style SFR, it is built on two residential lots (room to add a duplex adjacent to this property)currently brings in $1650 for rent, have rented out as high as $2000 (the Eagle Ford shale was booming a couple years ago)have been slowly upgrading and improving (new roof, new laminate flooring, some lighting fixtures, new paint)needs to be updated this was built in 1990, windows are old, some of the siding looks weathered and the worst part is the bathrooms are dated (everything is functional)I have looked at housing rents and most 2/1 or 2/2  usually command $900-$1300Appartments are a little bit cheapper $700-$1100I had trouble using the rental estimator calculator, then tried the BRRRR, I linked the report estimating the following:https://www.biggerpockets.com/calculators/shared/1083149/4f695ede-d602-47bf-a183-b0d69ff0cf64Upgrading showers adding new back porch deck (for access to upper units)converting where two new upstairs rental units would have a kitchen, 2 baths, and 2 bedrooms (comparable to an apartment) about 800 sf ($ 1200 per unit)lower dwelling 3000 sf could be split as well or rent out @ 1500 (would update and add one more full bath) making it 3/2 and 1/2 very large dwellingAll bills paid (water, sewer, power, lawn maint) about 1K per monthPlease review and point out flaws, mistakes were made but so far all on paper and in process of cash out refi, to pay for this conversion. so far budgeted $65K. advice appreciated. more details as required