I am wondering what forum members would do.The house will likely sell for around 155kI owe 55k on first, and 50k on secondMarket rent, is likely around 1250 a month.Roof was done recently, it will need a hvac sometime soon.But other than that its been a low maintenance house.My mortgage payments with taxes/insurance on a 15yr fix at 3.25 percent is 800 a month.I am 5 year into the mortgage, and pay down about 400 a month in principal each month.Thoughts?

Each property cash flows positive $800-1200 per month, and they will payoff at current rate in 10-13 years applying all profit to loan principal.

Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.

I've not needed them but have met one of their principals, Justin Cooper, a few times and watched their webcasts, etc.

Just seems like a lot of money to pay in fees which don’t go to the principal. 

I'm in the process of getting my real estate license in Oregon. My main goal (initially) is to be my own agent to buy and sell investment properties. I'll eventually venture into buying/selling properties for others, ...

The commitment letter had the following language;Transfers/Assumability: Subject to Lender’s then-current underwriting requirements and compliance with the other requirements of the loan documents, the Loan is assumable by a qualified transferee of the Property for a fee of 1.00000%of the unpaid principal balance of the Loan at the time of such a transfer (a “Consented Transfer”).My question relates to the terms of the loan and savings to the buyer.

From experience (unfortunately) you'll be lucky to get back your principal.

(I withdrew it tax free because it was all principal on my Roth IRA).  

The strike price can follow the declining principal balance.