The leasing manager isn't going to like this change, and then I've got to figure out what to do with 20 years of data that is probably not recorded correctly, but in the end, what's easiest and most accurate is what needs to rule.

(Just throwing out numbers for the sake of concept.)

All of which have to be repaid if you ever sell.

Btw...I'm here in Miami if you ever need someone to help you look at your deals.

This is a sometimes a difficult concept for non-contactor to grasp but:  The Customer Always Pays For EverythingContractors do not have some secret source of funds - every dime they have or spend or make is obtained from the customer.  

If you ever have any property management related questions I am always happy to help.

I include language in my lease allowing me to change the furnace filters (with 24 hour notice) which allows me to enter each of my rentals once a quarter. 

Let me know if there's anything else you want to figure out.NOW, I then asked Chat how the numbers looked if we include a 5 year balloon:Switching to a 5-year balloon payment structure changes the dynamics of your deal quite a bit.

 There are a lot of factors to take into consideration when drastically changing the blueprint, especially from an under writing perspective.

It actually seems to be a great concept...I plan to give it a try.