For a tenant to receive a reduction, the landlord must have actual or constructive notice of the existence of the defective condition."

Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

Dealpath seems like it could be a great fit if we scale as projected over the next 3 years, but I want to make sure we're choosing the best tool for our needs.Ideally, we're looking for software that allows us to integrate our existing Excel models and helps with deal organization and KPI tracking.

I never use 100% occupancy, even if it currently exists.2. 

If you move out of your 1st home today while buying a 2nd home, you would need to qualify for that 2nd home with your existing income and no income from your exiting property as we cannot count STR income until it hits your returns. 

So for instance, there is an existing note and you want to do a HELOC based on their criteria 75% LTV and you get it but because there is already an existing 1st mortgage (lien), the HELOC would be 2nd?

If you’re just saying the survey cost of getting the existing building layout documented is too much, you might be able to get creative and avoid the costs, but it’s not a great bet to make. 

Instead, have your family record a private note on your existing property.

Another BTW, the state of NY determined in 1947 that a temporary housing crisis existed in NYC.