The other option is selling it now and making just 10k after paying realtors and closing costs for buyer etc..If I sell in three years to avoid paying capital gains, I am calculating the mortgage principal will go down $2500 per year and the property values will go up by at least $5k.

AFFIDAVIT OF OCCUPANCYApplicant(s) hereby certify and acknowledge that, upon taking title to the real property described above, their occupancy status will be as follows:Primary Residence - Applicant(s)shall occupy, establish, and use the Property as Applicant(s) principal residence within 60 days after closing and shall continue to occupy the Property as Applicant(s) principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.That should clear some things up, good luck.

Property Taxes $135/month, Insurance $80.month, yearly expenses to include sewage pumping $$100 month, mortgage and principal $560 for a total of $875.6.

One of the principals in our real estate development company is a data scientist.

Be sure to check with the licensing authority (DOS in New York) and investigate all court cases that involve the property manager and the principal broker.

Save your cash for maintenance, pay extra on mortgage principal to get some equity, talk to CPA about tax breaks, talk to small bank that does portfolio loans, talk to a commercial realtor CCIM about a commercial property wealth plan, pref in the town you are focusing in.Read everything about multis here on BP Nation,http://search.yahoo.com/search?

You just throw extra money as it comes along at the principal over time and it's almost like having a 15 year.

You have to give proof to the court that principal note value is less then the value of the property (remember in bankruptcy court I have never seen anyone get interest on a note).- If the release of stay is granted you then hold your foreclosure sale.Lets be positive and assume the bankruptcy has been dismissed and the lender has never started the foreclosure process.

On that 5-plex, a 5% difference in downpayment was not worth a 4.5% increase in the mortgage principal.

You accelerate principal reduction and reduce interest income doing this.