Forth, what is your interest rate?

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

Our actual carriers used to be Secura, but they seem to be getting out of a lot of insurance lines or pricing so high as to have customers drop off, and we just moved policies in Nov. to Hanover Insurance. 

Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?

Cash out refi gives you a new fixed rate loan for 30 year term.Best,Jamael RomansUnited Mortgage Corp Thank you so much for your advice!

Ultimately, putting more down will allow you to get a interest rate and lower mortgage payment over time. 

Eva, trying to answer your questions here that you dropped in the thread.1.)  

Potentially lower down needed of 15% with better rate and 6% cap in IPC’s

This decision will also be impacted by your interest rate.

Going to 90% is not the cheapest way forward, however.  80% will give you better rate, and 75% will really make an impact on rates.