My brother had access to the other $160K but ultimately purchased a 4-plex two months later using his own money instead.Currently, its written that if my brother doesn't use the funds then he gets 160k value from the estate extra, as I used my half already but then my dad suggested a 2% annual appreciation on that amount seems fair on the 160k for him, and now he believes it should match his home’s appreciation, which is roughly 5% per year.

Too many rentals, too much deferred maintenance, no real budgets, not enough money in reserves.You can still get CapEx in condos....these are called "special assessments" .

I've used my own money so far and interested in learning more about the funding side of things.

@Jeff Pasmore I really like your advice. putting out more money on this property is not one of my option but I might consider. am also considering the other strategic way of selling this  property like rent to own. what can you say about that?

It also appears Investor's Edge may have rebranded from their old company name "Do Hard Money".Propstream screenshot:"Investor's Edge/Dohardmoney" screenshot: if its a reboot of Do Hard Money one would want to read all the threads on that Utah based company.

It is also been my experience and observation that there are people that have money and quite a bit that do not advertise the fact.. 

I couldn't save enough money for a down payment on my first real estate investment. 

All this does is scare people and create inaction, while everyone else is out there taking a chance and making real money.  

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

That way you don't increase your payment unless you pull money out.