I know that spouse or even children are responsible for any credit card or auto loans/ revolving debt.

If your entire strategy is going to be revolving around smaller multi's, it will be a longer term play.

The line of credit is full, so we have to pay it down to get at the equity, but it's revolving at 6% so we can move money into and out of it at will.

@Cam Jimmy  I believe you can only borrow from the 401k where you're actively working.Keep in mind if you suddenly lose your job, or even if you want to change jobs, the amount borrowed becomes due and payable.

I think the intown markets are more complex and revolve around where the growth "might" go, or is already going.

Typically there is a mgt fee for the CAMs that are included. 

Hi BPI wanted to get your opinion on what is included in Common Area Maintenance fees (CAMs).

Assuming that maintenance and repairs will cost 20% of gross rents (I believe this number to be way north of what it will actually cost) we arrive at $1,015 for maintenance and repairs.I will also have an extra $2,000 in a revolving CD ladder as a slush fund to fix whatever Murphy's Law throws at me.So:Gross rents: $5,076Taxes: $701Insurance: $766Debt service: $2520Maintenance and repairs: $1,015Cash Flow: $74I realize this will be basically a wash as far as cash flow for the first year, but I think I have all my bases covered as far as projecting what expenses will be.

`(l) Establishment of HOPE Fund- `(1) IN GENERAL- There is established in the Federal Housing Administration a revolving fund to be known as the Home Ownership Preservation Entity Fund, which shall be used by the Board for carrying out the mortgage insurance obligations under this section.`(2) MANAGEMENT OF FUND- The HOPE Fund shall be administered and managed by the Secretary, who shall establish reasonable and prudent criteria for the management and operation of any amounts in the HOPE Fund.

I started a new business revolving around the mortgage bussines, and it has been quite intresting and rewarding.