Short Pay Offs are complete in most types of debt vehicles.

They will underwrite it like a commercial loan so they have to cash flow usually at a min 1.20 debt coverage ratio.

I will consider all options, including hard money loan, I just need to carry this part the balloon payment so I have a bit more time to get convention arrangements made.My "credit" is good but right now my debt/ income ratio is a little high.

If you are in a property for 30 years, you are buying, renting and paying down the debt to own it.

I'm working on a short sale with a home owner. In Michigan, if the property is over 3 acres, the redemption period is 12 months, less is 6 months.

We are almost half way into the redemption. However, the realtor ...

A key factor for lenders is the DSCR - debt service coverage ratio.

I ran this for myself, and realized that if I can pay off all my debts, including my house (yes, some here will say that's crazy talk), I can live on a tiny fraction of my current income.

Less $100/month in desired profit gives you $440 for debt service.

I have no debt (never touched my home equity) and have a healthy retirement in place.

I think that's adverse possession or something. as long as he paid his property tax i'd concider it investing.