They will pull everything out, mom was sick, baby had to go to the hospital, husband lost his job, had to visit my aunt in Cananda, car broke down.  

Frankly, I am sick of paying for someone's mortgage.Is there ever a good time to buy in Cali?  

In Florida , especially , is the issue of flood plain. 

@Amanda Hensley, yup I'm sick of paying rent and paying someone else's mortgage!  

Hi Arthur, There is additional due diligence required to determine if these notes are right for you and your business model: For the 1st note, you always want to pull an Encumbrance and Occupancy report, looking for any back taxes, municipal liens, HOA's, whether or not the property is located in a flood plain, etc.

Those are the main applications for tankless, stick to a plain tank.

(We did this to keep our debt ratios down, intent was he would get a loan on another property down the road, but he got sick and stopped expanding our partnership) He and his wife had to sign an agreement to encumber the property, but they are not on the mortgage document or on the mortgage in any way.

Tell her plain and simple , heres the deal  ( what ever deal you want to make)  its a legal contract , If you dont like the deal , sorry , I will file for eviction and put it in the hands of a collection agency , Oh by the way 95% of landlords dont rent to someone who has been evicted , and a judgement drops your credit score .  

It is calculated in a similar way to plain CoC:CoC w/ Equity = (Net cash-flow + Equity increase) / Initial investmentWhere Equity increase is the only new term which is: (i) the increase in property value (est.)

and how does one use it. and what is this new thingee and how does one use it.. in plain English.. us old RE developer lenders are pretty thick when it comes to this  we are too busy counting our money !