Irrespective of whether you merely buy the property subject-to this loan or WRAP all or some of the sellers equity around this old loan, you'll want to know the terms of the loan encumber your new property.

State incentives helped with that but irrespective of the incentives the payoffs is evident every month in significant savings and I imagine that would be even greater in Fairbanks.

I would do nothing until the tenant's lease was up, unless I was already planning on that replacement irrespective of the tenant.

No one can predict what will happen but if the analysis is strong and the investment can support itself then it's a good deal irrespective of the market cycle.

@Clarence McClain this is a municipal question, not a state question...bottom line is that the cost should always be passed back to your tenant...even if sub-metering is not in place....irrespective of the size of the property.Water/sewer is a sensitive issue because back bills result in a lien against the property...so, municipalities want owners to be responsible.

Obviously, a large villa will rent for more than a 1- or 2-bedroom condo, irrespective of the location.

. $8,750.00 monthly for a loan amount of $100,000.00 at 5% interest rate for a period of 1 year.(4) Borrower will be given four weeks (a month) grace to payback the principle(loan amount) at the end of the loan duration before legal actions will be taken.(5) Failure to pay back the loan at the expected date / period, legal actions will be taken against the borrower by our attorney.(6) Address:You must inform us about change of circumstances and must tell us promptly if you change your residential address or zip, or if you think there is any information That We Should be aware of.(7) There is no early repayment penalty.(8) Interest: Interest rate shall be 5% irrespective of the loan amount.(9) Loan Process: It takes the interval of 2 to 5 days from application to funding.(10) Loan Amount: Loan amount ranges from $5,000.00 to $5,000,000.00 .(11) Loan duration: Loan duration ranges from 3 months to 20 years.

I realize this answer is probably not needed at this point, but for furture reference, here goes: Excel provides an IRR calculation for a series of cash flows irrespective of the time interval.

Irrespective of the above answer, a major question you need to answer is what do your comps look like and what would the goal be of adding the amenities?  

But for anyone wanting the added income it makes sense, irrespective of the neighborhood imo.