We have so far gone through a broker to locate two interested lenders--the broker's fee is 1% of the total loan amount and the fees for the lender are already about $6,000, not including any remaining costs at closing.  

And the question remains with the distant future plans I have, is it best to refi the total balance to pay back the current loan, or refi less and make up the difference with personal Funds.  

For instance if the total value of the remaining lease in commercial is 200,000 over 3 years left they might let it go for 40,000 for a liability release.

You still remain the owner.

It will remain a buyer's market till mid 2015.

Toward the end you should be netting out a property or at least have little remaining on properties you decide to keep.

If you put down 25% to the seller you could propose a 15 year ammortization at 3% interest with a balloon of the remaining balance within 3 years.

You generally won't achieve 2% on houses north of $50,000 except in some war zones and distressed regions.50% guide simply states that 50% of your gross rents will go to expenses over the life of the rental, of the remaining 50% take out debt service then you have your income.Rent $1600, means $800 a month will be eaten up in expenses, capital, maintenance, insurance, legal, accounting, utilities etc.If the area isn't too bad (no bars over windows, you feel safe walking there) it seems pretty decent to me, then again I am comparing that to whatever you can get in SoCal right now.Andrew

My post warning about the site is not a blanket no against the program, just a warning and my opinion that making any investment with anybody or company without collateral is risky in my opinion and would not want to see anyone here take a loss without being warned.If this program could offer the investor collateral rather than all funds remaining unsecured, I would say it is a great thing.

http://www.inspectionnews.net/home_inspection/electrical-systems-home-inspection-commercial-inspection/15305-new-installation-two-prong-receptacles.html This is a thread where home inspectors are discussing the "replace three prong with two" Apparently you are not allowed to do that and remain legal.Posted with my BP Reader app