It would take you 291 months to recoup your 25% down payment at $300 and 437 months at $200 dollars.

I catch over payments or missed payments, I give better responses, etc.My guests in my market want to talk to a person, and the person who owns the property at that.

It should require 10% down payment with roughly Prime + 2% and a 10-year term.When I work with business buyers, I recommend a handful of lenders who are part of the SBA Preferred Lending Program (PLP), as the SBA accepts their underwriting without doing it again when they receive the loan package. 

If you are interested, however, and are willing to communicate to landlords that you are new, but worth taking a shot on with some portion of their portfolios, maybe willing to compete on trust and earn into larger portfolios or bigger fees over time, you may consider reaching out to the team here at BP, and maybe there is a way to let those investors who are looking to support a new and up and coming business work with you.

What accounting or payment platforms are you currently using to collect utility payments and rent?

And it may be worth it if paying off the other loan frees up significant cash flow in reduced mortgage payment.2.

Most work this way BTW Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I'd like to both appreciate and cashflow, and by going with a huge down payment, I think I can do it, even in Southern California.BTW, I am a newbie, kind of fell *** backwards into my current situation, and would like to grow my inadvertant good fortune.

In the future, a) get a super detailed Scope Of Work and ironclad Contract. b) Do not pay more money as a progress payment than the amount of work that has been performed, that way you are never ahead of the Contr or vice versa.Your options (depending on how much he owes you) are Small Claims Court, the State Registrar of Contrs, and possibly the local DAs office or State AG if the amount is higher ($50k ish)Good luck, let us know what happens.

I manage properties where I live and one bad month, one eviction, one water heater goes out, you could be upside down on cash flow for months and I am thousands of miles away so I have to trust their "Trusted Property Manager"Sorry for the long rant, the question I have is what about Tennessee?