Total no of people in house are 5.

Obviously it's worth a lot more these days, but she's not willing to let go of the house.

I plan to 1031X two of my current properties (225K total) to make the purchase.

Perhaps this is dead simple observation, but it seems like that equity I took out (which I'm still paying interest on) should be factored into the new property P&L since taking out equity is never seemingly total free and clear.  

Another had hidden foundation issues, that were obvious from the inside, just not from the outside.You will sign all sorts of lies on the paperwork--you inspected the property, etc. 

Does the NOI of $143,666 with Operating Expense: $226,573 mean that the total income it had was 226,573+143,666?

Hi, I am a young wholesale/fix and flip investor in the Brevard/melbourne/Cocoa/Merritt Island/Orange county area and I have what may be a great but also obvious question.

Obviously there are whole resort towns where you see this is standard practice, but there have also been instances where people lost their homes when trying to skirt both the law and the spirit of the law. 

For example, if I sold 1/2 the balance of the note, the yield DOUBLES to ~20% on a 10% face rate note for the note buyer (unless of course I'm the note buyer, then it's okay :-)Pardon my french, but I will be a son of a b*tch before I pay a totally passive note investor that rate of return in this low interest rate enviroment. 

Your tenant is obviously irresponsible and can not be trusted.