I don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.

Knowing you guys were to move out in 5 years, would you go with a 10% dp and a 2-1 buy down and cheaper monthly payments, or 3.5% dp with higher monthly payment, but with more money in the pocket to invest elsewhere?

Of course that was right when covid hit and my tenant lost her job and moved out of state because she was broke so I wasn't getting any money out of her either.

That doesn't mean that you to spend loads of money, but just be self aware if you stink at design like me.Just curious - where is the property? 

There wasn't anything on there that would make me not buy a house, but as far as money there's no good way to answer because we don't know too many things to make an informed reply. 

Check with your CPA if you instantly owe the depreciation recapture if you gift it to your son.

Not spending money.  

My dilemma is that one of my properties is worth about $400K and I owe ($40k on a HELOC & $50K on the mortgage) and I'm on tract to pay them both off in 16 months- paying ($2000 from the renter and me paying $4000 a month on the HELOC= $6000 per month total) I plan on doing this until both loans are paid.

They get to save money on living expenses and we have a much higher yield then LTR's by far.