Conservatively, we came up with $4,000 worth of repairs.Our closing costs were approximately $750.All in, we're at $40,000 for a $800 rental (that's the low end, but we always use the conservative number in our projections) and we'll refinance the $30,000 outstanding principal ($35k amortized for 3 years) with a local lender when the note comes due in 36 months.We don't get opportunities like this every day, but if we can make a deal like this happen, then you can to.  

Standard procedure is for the seller to sign an affidavit stating there at no outstanding debts, potential liens, etc.  

The podcast and webinars are outstanding! 

I buy in Garifield Heights and Boardman using them to do our lease option program and it works outstanding !!

Lets talk.I want to meet someone serious about this business, that has an "abundance" mentality, and willing to share in the profits of deals we close together.If you want to:expand your local business, work with an outstanding guy, and make some money...Please reply. 

Ive never had anyone that i couldn't handle off of craigslist although my dad thinks you'll die immediately upon meeting anyone from Craigslist. haha I noticed that i just need to stay with hired help and they perform outstanding!

I still have an outstanding question that I'm getting information on soon.

The resources on this site are outstanding as well as the folks who give their time and advice freely. 

Don't go ape on this, it's harder to explain in words than it is to wire-up in Excel and get the answers :whew:Personally, I was driving down the LTV with additional principle payments so the outstanding balance was diving at the same time as the ARM changes were climbing, and that was close enough to be a push (aka card game '21' term).

@James MaherUDFI taxation on mortgaged real estate in an IRA works essentially as follows:A debt financing ratio is determined based on the percentage of the value of the propety relative to the outstanding debt.