We need to repair a small portion of the roof in detached garage in multi-unit, in Evanston.

When they calculate the financing for spec homes, a lot of times they can't accurately forecast this portion.

Find out what his immediate cash needs are and see if you can take it over Sub 2 or see if he would be willing to seller finance a portion if not all of your put of pocket so you can get into the deal with no money down.

I did the math and discovered that most rents in that particular area of HI were roughly equal to the interest, taxes, and insurance portion of a mortgage payment.   

Dan MahoneyHi Dan,Can you please explain what is meant by DEED BOOK: XXXX/XXX (PORTION) Mention on a Property Information in Daily Report?

Our area is not unique, this is a nationwide issue (opportunity) for accounting firms.In the end I think many would be well served to think of their CPA/EA as they do an attorney - while they can also help provide planning advice to better structure your tax life and save some money, a portion of the cost is just a cost of doing business - you are required to be compliant by the Feds / states / etc, and the CPA/EA is insurance to ensure you get it right and stay out of their way.

And their roof loss settlement is "variable by roof age", not actual replacement cost, nor depreciation adjusted (most insurances will hold the depreciation portion of a claim till the repair is done and only then release the funds).Make sure you compare apples to apples when shopping around, pay attention to what they give you for "free", what deductibles apply and when exactly you can get coverage from the insurance and to what limits.

Every time you make a mortgage payment, a portion of it goes towards paying off the principal balance of your loan, which increases your equity in the property.

Fast forward through some vital life experience, I’m back on BP with a desire to jump back into my goal of having a cash-flowing rental portfolio that can help support me.

I want to keep the property longterm since its a good rental and the interest rates unbeatable but I want to pull by 10K downpayment as well as renovation budget out of the property.Has anyone ever had any sucess refinancing a portion of the home while still keeping seller financing in place?