And if they are 50-70% leveraged, AND the equity is performing at 5-7%, then most people would be living off of most of that come and have only about 10% of it to donate or sacrifice.

There 4 types of income from real estate, appreciation, cashflow flow, principal pay down and tax write offs.

If she was a responsible adult and had a job it would be different but she prefers to live off her husband. 

Given your expected income increase, you could refinance or pay off the balloon payment when it comes due.

Please no promotions. 

Off the top of my head: transfer tax is assessed in my area if I change title. 

Quote from @Tara Davis: Quote from @Jamie Bateman: @Tara Davis I don't want to self-promote, but we have resources that can help you, and we have a tape of assets for sale now.

Great neighborhoods, great ARVs but the number off the MLS will not work and investors with deep pockets make cash offers that can knock financing offers out. 

There are conventional loans as well with low down payments and the PMI falls off once you reach 20% equity.In this higher interest rate environment, lower down payments does make it harder to cash flow, so just keep that in mind.

Now, they are telling me that the repairs will be calculated based off of the depreciated value of the floors.