This also enables you to learn what the rents are as well as the amenities that your market is providing to tenants.

Now 3yrs later, the son of the deceased sister who had power of attorney for his mother (she left no will just a supposed request on her death bed that the house be sold) wants to extract the equity out of the house.

While your father-in-law is not considered a disqualified party, you have to ensure there is no direct or indirect benefit to a disqualified party, such as your wife.If for some reason ownership of a property passed from your father-in-law to your wife, you would need to immediately extract the IRA from the transaction.

There usual answer is $5 to $10k Instead of asking themselves "what is the absolute maximum profit I can extract from this deal, while still leaving just enough margin to provide value to the marketplace?"

The purpose is: to have a good enough deal in the first place so that a traditional say only 70% appraisal refi Loan still gets you ALL of your initial outlay back - to enable the Repeat. 

I want to help him with the down with an established no interest (except for the cost of extracting equity from a property) repayment schedule.Just looking into this, haven't spoke to an attorney or accountant yet.

Their parents enabled them, their parents can deal with their issues - I make sure to stay focused on my success.

You need to ask to see the documentation that enables your seller to pass marketable title.An an informal (summary) probate, you would entitle the seller as Mary Smith, personal representative of the estate of William Smith, deceased.If a formal probate, they will vest as "Mary Smith, Administrator of the estate of William Smith, deceased."

(The second story is another commercial space but is unoccupied.)I have been approached by the mortgagee (a private lender) to suggest a deal that would enable me to acquire the building.

Because of the prices in my area, it seems harder to find properties that meet my basic criteria for cash flow in my area.I'd like to find a resource that enables me to compare rental property markets in one view.