Make sure you say that you do not want to settle, but you want to know if you promised to pay $5 or $10 a month, would they be willing to forgive some portion of the debt?

I will put aside, or usually the banks forces me to put aside a certain percentage for cap ex, depending on the condition of the assetIf you are buying a property and keeping it ten years, chances are you will have paid down a portion of the mortgage and value has increased through inflation and proper management.  

The reason for this is that it becomes a hassle to properly allocate the PITI portions that come in every month with a mortgage payments.However, she did mention at the end of the year when I get my mortgage interest statement that I would have to reconcile this.  

@Brian Eastman,  would I be able to convert a portion of my 401k?  

I would want that 6 months to represent a portion of the 6% somehow.

I'd say get a homestyle loan and have a contractor do only the work you don't want to do, and then finish the construction loan portion at that point.  

For example, I have a tenant who is behind on the water portion of her bill due to the sub-meter company billing in error and us not knowing what she owed.Ideally I would like to allocate that back to Dec and be able to keep all charges in a running order like a real ledger.

Since she owns a portion of the entity and is passive then that portion of the profits can offset with passive losses.  

Remove portions of frame wall along north side.

Learn some nothing down techniques and use themFind sellers and negotiate with them directly (unlisted properties)Ask your agent to send you expired listing dailyMake offers 20% below last listed price on expired listingsMake Trial Offers and  use Second Stage negotiations Flip some properties every month to create cash reserve and cash flow.Always ask for seller financing in your contract offerAsk for Principal Mortgages, delayed settlements and early pay-off discountsTake a portion of your money to advertise for propertiesRun radio ads for real estate wantedUs a skinny contractsHave your agent take out the clause in his contrat "Time is of the Essences"Build in an automatic extension in your contract (have it before you need it)Have fun and build your real estate portfolioCharles