Since the interest-only ARM rate adjusts quarterly based on market fluctuations, this could work in our favor as interest rates are expected to come down over the next couple years.

Especially when the property is remote from the owner, I think a quarterly report of rents and expense details should be required. 

Tomorrow the final coat will be applied, and by the day after the handyman and I will be able to walk on it and start doing finishing jobs like fans, lighting, quarter rounds, and blinds.We also have a tenant lined up with the lease due to be signed this Friday, at the hoped-for rate of $650/mo.  

Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""

In commercial projects this may be paid quarterly or annually.

The property is a quarter of an acre in a decent area, and appraised at 96,000 according to GIS.

My loan officer contacted me yesterday and asked me if I would be willing to pay a quarter of a point to move my interest rate from 4.625 to 4.5.

David Greene is actually coming in this winter to speak at my quarterly investor luncheon. 

I started buying in 2010 and aquired a property roughly every 10 months or so through the third quarter of last year.

A minimum of two years of post-secondary education, or equivalent hours of (60) sixty semester or (90) ninety quarter hours.