. :-)I'm STILL waiting for a final decision from the title insurance.

I agree Scott but would add that they have a finance program alot less up front with rest do in 3 monthly installments.

to cash out if you acquired the property with financing you'll need 6 months like @Brie Schmidt  mentioned unless you find a local portfolio lender they may be able to offer you business portfolio type financing.With conventional financing under twelve months you can only use the lower of acquisition cost or market value so if you want to cash out using market value I would either wait for full twelve or cash out after 6 using a no cost rate (higher rate) in anticipation of a final cash out after 12.Portfolio financing is local so I'd call around to local and region able banks or credit unions.

this is just one of the houses he has done. but his wife does a fine job staging and taking pics. make sure pics are good!!!

Most states allow landlord entry with proper notice, but there's a fine line where the tenant can claim harassment.

He was going to make a final payment of $20K to the bank to bring the balance to $110K, then the new owner who assumed the loan could refinance.  

Draw up an MOU outlining the details of duties of each partner as well as return, then once agreed upon proceed to a JV, LLC, or other.This may be general but this will hopefully help influence you before making a final commitment.Lay everything on the table.

I graduated from the University of Minnesota with a Finance degree in 2007.  

Dundalk is a fine choice but you need to do some driving.

There is also some poor advice above, sorry, but it is, I think the guru left the forums, but the DF act isn't that simple and if you don't have a finance background I seriously doubt you'll interpret it correctly, real estate attorneys are pulling their hair out trying to figure it out.