@Derek DombeckThat's an interesting spin, I didn't realise that. 

Also last question: If I wanted to pursue down that path with the economy and the way banks are loaning, then is it that I will realisically only be allowed to take about 70-80% of the value out?

I realise this might now be too late, but don't use Rocket Lawyer.

At that time, I was thinking that they would be a risky tenant but now, I realise that some people on this board might use that as an opportunity to work a deal to perhaps buy their house.

Realise that if the property was listed for 229,000 it does not matter what an old appraisal says.

Ok, every time I get a handle on things, I realise I have it all backwards or completely misunderstood something myself.

The way we do it in the UK is low ball on offers, and then I realised in the US there are scenarios when you do this and when you don't.

I know, not good.Now, I've realised that in marketing, it's a numbers game.

There is no excuse in the world for a $500 car payment taking home $2000.I think that if we get her into a home in time, before she buys a car, she'll realise that she can't afford some new one.

It's taking capital, putting it in an asset (the business), and generating income from it.I've just re-read David's first post in this thread, and realised that I misunderstood him anyway.