I set my rent standards a little high and realized that rent is actually not that high.. we have a morgage on it and it looks like the house is selling for more than we originally paid 4 years ago.

Originally posted by @Harish Ananthapadmanabhan:@Jay Hinrichs Thank you for your feedback!

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

Loan Origination Systems (LOS): What works best for mortgage and private lending?

Originally posted by @Anthony Dooley:@Jeremy Zalman good point.

Being a NYC resident (originally from Long Island), the price of entry in the area is on the higher end, so I've been considering some options in the NY Capitol region, as well as NJ and CT.

The original pics are meant to serve as the benchmark. 

Why do you say its bad for the original owner long term?

Now solely as a lender, i actually reverted back to it in unison with our mortgage origination software.