On top of this, the bank is going to give us the $250K and add it to the loan.Anticipated proceeds after 7% cost of sale = $2,455,000Loan outstanding = $1,100,000Proceeds after loan is paid = $1,355,000Original investment = $365,000Anticipated hold time is 2.5-3 years.This is about 300% after 3 years.I have other examples of deals that have been completed and sold that were much greater than this. 

You can treat it like a credit card; you only pay interest on what is outstanding, and you can pay off any amount over the minimum due. 

I have been looking for MF units that might accelerate the path to our goals, but have not seen any outstanding deals in our local market.

Loans that have negative amortization simply have insufficient payments being required to reduce the outstand principal or interest or both.

So if you're buying a duplex that is rented out, the amount you bring to closing will be reduced by the amount of the security deposits.No problem asking questions - I also use the inspection time to ask questions if the tenants are there...I usually ask about outstanding maintenance requests and/or problems they've had and the tenants are almost always more than willing to spill everything they know.Not sure about finding out about moving in/out during the spring...if they move out you could be more selective about who you let in there next spring though (family vs. students).Yes, although I don't personally see a problem with this, I think it's more of a etiquette thing.25% down is what I do...based on this i'm assuming you're doing conventional financing.  

I have already looked in to the property records through the county and it seems  ambiguous to me on how  you can determine liens or outstanding mortgages.

I also have outstanding offers on 2 more.I have been concentrating on the Cleveland market, but will be exploring some other MF markets in the southern states on a road-trip in a couple of weeks.Looking forward to chatting with all of you!

You have to know the blocks, you have to have outstanding processes for vetting tenants, the right sort of help and a tough skin.  

I also have an outstanding CPA.

I was there for several years, so I'm very familiar with the area.Don't get too wrapped up in having an outstanding business plan.