But, Don, only paying 5% on the original $300k note.

The original deal fell through.

The seller would be stuck with an illegal living situation, possibly dealing with the city to avoid lawsuits, and they have to put the property back into its original condition on their own dime.

My wife and I are remodeling a 1940s bungalow-style home in St Petersburg, and after several months of interior work, we need design help and drawings of the front exterior for our contractor to gain permits from the city and move forward with the project.The original front entrance of the home was covered with an addition built by previous owners, and we'd like to boost curb appeal and value by adding a driveway, front steps, a new door with sidelights, and an overhang jutting out from the gable with columns. 

Rates probably around 10-13%, you can stretch it to 72 months, low origination fees (like 300-500 total in fees) 

Originally posted by @Jonathan Soto:@Harry Walker   thanks for the feedback. 

I know the basics of what's involved from originating on the mortgage side, and I've done fair amount of research/reading, but my concern is not recognizing when a small detail is missing or off.

It has appreciated almost 2.5X of the original purchase price, however the cash flow is typically $25 in the red every month sometimes more with maintenance issues. 

Next purchase ask for the original applications of the tenants, if they can't be produced, we usually have them fill out new one.

The original agent that's upset would receive notice that this is occuring and have an opportunity to contact you if they choose (typically they're given 5 days) to stop the transfer.6.