Also, to REALLY reveal my novice stature, it seems the BRRRR method employs using ones own cash out the gate, not a loan, correct?

Seller is requesting a new roof after inspection revealing roof to be super old / shot.

@Sean KuhnI like fixed rate 15 or 30 year amort.While you plan on paying off the mortgages within the 5 years, things happen and 5 years is a long time to predict the future, but a very short time when there is a balloon hanging over your head.While nobody likes all the Fannie regs, the lower fixed rates are worth going after.There was a post at the National Real Estate Post, just today about how people would rather spend a night in jail, or gain 10 pounds than go through the mortgage process.http://thenationalrealestatepost.com/hilarious-mortgage-survey-is-very-revealing/?

Your explanation reveals a misunderstanding of how interest is calculated.

When this was further questioned, it was revealed that this infusion was an operating loan from the manager.

Given the condition revealed by the inspection, my initial response to run but want to make sure I'm not overreacting.

It is attempting to be a platform for development of Digital Autonomous Corporations (DAOs) as well as as Smart Contracts.

The Mortgagee would need to obtain an appraisal to reveal the borrower's equity.  

But again, he asked me about my personal finances making the call unprofessional and revealing his alterior motive.

The sale price won't be revealed until it closes.My best guess is that Covel will sell between $370,000 and $400,000.