Most people seem to avoid the conversation about all the Real Estate risk takers that played the biggest part in the housing crisis.A few years before the bubble burst I was encountering real estate investors, house flippers, and buy-and-hold participants everywhere I went, my waitress at The Cheesecake Factory, the two McDonalds employees talking deals on their lunch break, the clerk at the grocery store, everyone everywhere appeared to be a real estate investor in one form or another getting a piece of the housing boom.The underlining problem I noticed was during the rush to get into the RE industry most of the people capitalizing in the industry never learned the basics of RE investing and were simply doing what their friends, neighbors, coworkers, or online postings told them to do to get a piece of the pie.

Hey,I'm making a offer on a total rehab (the whole shebang)... and I've never worked with a contractor in NYC.Anyone have someone that they trust with this kind of work?

Although I do plan to sell within the next 3 years (military orders) I want to make sure I didn't make a terrible mistake by lowering my payments now just to save a few hundred dollars but increasing my total loan.

I see this as someone being totally taken advantage of ...  

Instead of one conventional loan, the lender now requires two separate loans (split total price) to purchase. 

Total amateur hour!

Is there a reason for your accounting and legal fees totaling $1,000 / year?

Usually the property owner or PM is totally responsible for the purchase for the fridge unless the tenant owns the fridge.

The total cost of actually doing the digging is going to be about $20-25k, but it's worth it in my opinion.

More importantly, what is the Total balance due to B of A, and can you pay off the full amount?