Anything not involving jumping out of a plane with a ruck between my legs!

Hi Lawrence Potts I’m planing on livening in it and renting out the bigger half while I live in the smaller back unit and fix it up The rents in the area look alright just not great for the time being I’m not sure if I should go forward with this property though because with the falling house prices I’ve seen 3 other duplex’s come on the market under 250000 so I’m thinking that if I wait I might get a better deal 

I've got 30y seller financing, but I am planing to refi soon and lower the rates. 

Also just on principle if it was me, a plane ticket would be in order and I would be changing the locks and informing this person that access to MY property is no longer allowed.

If you're planing to go to college that is a great strategy...buy a house that you'll live in and rent out the other rooms ( to create positive cash flow).

Bank will do conventional refinance with 10 year arm @4.5 percent on 20 year am.I need to generate cash and was planing on selling house number one because of the lower taxes rate but I hate to sell a good cash flow house.

I spend 3-5 weeks at the specific house in the summer, (I am a social studies teacher by day) I watch over the renovation project making sure all goes as planed.

I've also heard of people who are on the border of the flood plane having their house surveyed, petitioned, and removed from needing flood insurance, but this costs some money, time, and is not guaranteed.Also, I must say that if you are only able to put 5% down and an extra $2776 per year is going to make or break you financially, then you are taking on some really significant risk by buying a home that expensive ... if you've gone through all the numbers carefully, fully considered the risk, and are personally ok with it, then fine, but again that is something that should have been determined BEFORE you made an offer and took the owner's property off of the market with the promise to purchase it under the conditions of the contract.

What you are attempting to do would be like jumping out of a plane and asking the instructor on the way down what you are suppose to do. 

Plane tickets may be a small cost compared to the profit you could make if you put in that extra effort.