He has scholarships and federal unsubsidized loans that cover full tuition, fees and some room and board...but not all.Prob going to need around $20k for college.I have secured a $30k loan using the property for collateral to cover the college expenses.What would you do with the $30k?

Something short term, with a 12 month payback that is secured by real estate should you need to foreclose.

so i was told a finder fee of 1% of the purchase price is reasonable. what contract would i use to secure this ?

What is best way to secure 5-8 individual mortgages at best and lowest interest rates and terms?

I have seen that before on 100% owner finance deals but regular loans multifamily might go to 80% ltv.

Our custodian here in Houston is pretty good about running regular education classes on that, and I go them as much as I can.

I regularly attend local REI meetups and have told others about my plans in hope that, when I'm seriously looking, others may point me towards good deals.I'm still at least 7-1/2 months from being able to really start looking at houses.

These are subjected to income taxes and social security + medicare taxes.There is also capital gains (and many more).

And you don't need $15k structure or plumbing repairs on the regular.

Here are the detailsOriginal Note:  $48,500, 8% interest, 30 years, secured by first lien on $70k property, typical note terms.Date: 12/9/2009Current Value:  $41,505Payments:  $505.88/month includes $120/month escrow for insurance and property taxes, No payment missed, 3 payments late but not by more than 30 days.Escrow:  -$800 now but payment will be increased for negative balance and increased taxes/insurance.My guess is its worth $55,340 valued at 6%