The kitchen cabinets are solid and functional for a rental, but for resale I'd probably remodel (depending on my target buyer).

Jason, use the search function and search for "loan servicing" also look to the note threads as well as the SAFE Act.

I handled many of the property management functions and loved it.I currently run an event services company which serves my other passion of dog sports - my husband and I show and train Boxers and Dobermans, and are active in hosting and managing shows and trials.Getting ready to put my first house on the market, which is a property I lived at in Beloit, WI before getting married and moving to Rockford.

I literally have a list of "players" and their functions.

Steve - as for the need to replace, two of them are completely non-functional, and I've had to put in window units to get by for the last couple of months.

Jeffrey Mark - type in some terms regarding your question in the search function.

For example a renter might put up with an older but functional kitchen and bath but a new homebuyer will not unless the price is really cheap.Hope it helps.

Or standard Excel functions?

The reason being that money isn't really invested in the deal, I understand you want it in place for a safety net but that isn't a function of the cash invested.So the numbers I come up with are:Ask Price $64,600.00 Loan $51,680.00 Down20% $12,920.00 Closing6% $3,100.80 (I use 3% but I'll go with this for you) Touch Ups2% $1,292.00Property Type 3 Rent / Unit 483.00 (Based on reported annual gross) PI 285.38 (I used 5.25%)Expenses 50% 724.50 Total Expenses 1009.88 Monthly Gross $1,449.00 Annual Gross $17,388.00Monthly cash flow $439.12Annual cash flow $5269.45Recover Funds $18088 41.2MonthsCOC=29.1% There may be an error or two from as I copied it over from my "quick and dirty" spreadsheet, but all in all I think you get the picture that this is a pretty decent buy.

You both agreed to go into business together and make money, this loan sounds like a function of that money.