While I like the idea of rewarding someone in a career that gives back to the community, and realize this is a extra "perk" (not a detraction), at the same time, it's also a "perk" that some members of the community would literally never be able to have access to because of a disability.I am one of those people. 

In this case, the tenant thought paying "a little extra rent" would cover the costs.

If you pull out 700K could you invest and earn a minimum 56K net (8%).The problem with holding valuable real estate is that it's only value is all on paper and not generating any returns.

The extra income is (rightfully) added to the borrowers income,  and voila they can now afford the property. 

Seriously, it was worth the extra money just for much easier it made taking the test.Unfortunately, I took the test in Tampa (Tampa School of Real Estate), so I can't help you here with an Orlando school.

The first as mentioned above -- equity add through the principle portion of the loan payment -- and I am also sending some extra payments to the first position loan as an extra equity insurance policy and pay off my primary residence faster.

I will definitely be checking deferred maintenance during the due diligence period and most likely there will be some needed.It's definitely not 100% turn key, there are most likely some renovations I can come in and value add, especially in the exterior and extra security to make the residents feel safe as it is a C class area. 

Both rented and positive cash flow.Subject Property:  Traditional detached SF property in NJPurchase amt 410k10% down (don't have funds to do 20% unfortunately)While I am confident in my mtge guy, for prudent measure I wanted to check w/ the BP community to confirm the following..Freddie:  'My income is too high' (Can certainly give figures, but not sure how to break it down.. 2017 salary + bonus; Rental income, 2018 salary formally approved and documented, but not effective until July; and 2018 bonus (which I have received already)FNMA:  'To get a second FNMA mtge, I need to put down 20%' (which I would like to do, but cannot come up with an extra 41k)FHA:  'My only option' (with the 1.75% upfront PMI and monthly PMI for life of the loan). 

The longer a tenant has been a good tenant the more forgiveness they have earned.  

Comes down to this when I look analyze whether to sell a property: How much cash flow (and appreciation, but that's harder to predict) is your equity earning for you, and are there other ways for you to use that equity to produce more cash flow?