We both have credit scores of 750+ with no college debt and only 1 car payment right now. 

Hi, does anyone know anything about nonprofit organizations in New York and details? Maybe someone who works with one or has worked with one in the past. Thanks so much

or other statements made by their agent ---- if the property is for sale (houses, commercial, land, lots or non-conforming) there is a degree of motivation.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Are the residents aware of what their payment will be?

My grandfather took over the sellers mortgage as apart of the deal; the issue I am having is I found out that mortgage payments were stopped about 7 years ago.

Seems that with a HELOC and positive cashflow, payments would accelerate the debt.

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

HOA fee: included in the rent (ie rent level should reflect the HOA payment)Lawn care: depends.

The slippery slope of late rent payments start with checks because there is less footprint on their actions to actually pay you and they can falsify dates.