And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?

If they pass all of the checks and have the proper income then they have a shot at moving in.

Therefore, you will want to confirm that the trust company allows for investing in an LLC and the associated fees and minimim balance that applies to the IRA account.2.

The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.

I have seen many investors fail here because they only have 1 or 2 properties and when the downturns happen it kills them,  So you are going to need more money and more properties to balance out the ups and downs.Investing takes time, it doesn't happen overnight, and I think people fail to keep with it when it doesn't happen immediately.  

Obviously each deal is unique and requires proper due diligence. 

North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.

I would have been fine working out a way to get it repaired had he come to us in any kind of civil or proper manner.

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

This allows for proper retirement of assets.If a property has already been sold it may still be a good candidate for cost segregation as long as you sold the building and have not filed the tax return.