I'm totally with you on using real estate to give yourself the freedom to travel :) We love Birmingham as a market - we analyze thousands of on-market properties every day for investors around the country (also in the pursuit of giving time back!)

The total mortgage interest paid on a $150,000 loan at 4.3% over 30 years would be approximately $117,231.  

I took out a Heloc I owe 230k on the house and I plan on spending 100k updating making my total in 330k.

Wait the total price for boths 185?

Even if it's a total rehab if the land bank has a property in an area where the arv's are substantially high wouldn't that be a good deal or a promising neighborhood for buy and hold.

My total all in was under $60k. 

San @San Noble With the apt being 4 units, is the $1850-$2k the total rent per month or per unit?

The total commission is usually negotiated as part of the short sale approval process and deducted from the proceeds.

Hi Michael,I agree with Bruce that rephrasing other people’s content can be risky, as it could potentially lead to plagiarism issues, and it doesn’t establish your business as an authority in the field.

This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.