I took it over and dropped the rent from $675 to $600 to "help her out".

It gives you a more familiar interface that most people deal with, form boxes / drop lists / check boxes ect.Right now I'm working on having it take my purchased  listability xls file and import it into my database file. 

Feel free to drop me a line if you get stuck on anything along the way (believe me, I know there are a lot of questions to ask in the beginning).

The difference in equity recapture isn't going to make hardly any difference for a long time.Bottom line - if you refi, your payment drops $100 bucks (plus you probably skip a month with a payment), so you'll recoup that $1K in 5-10 months.

My perspective on leverage, since I am in the business of leverage (broker/mortgage originator) is if I can reasonably control the down side and maximize the upside with the terms/rate/cost at which I am borrowing at, such as using a fixed 30 year, limited or no prepays, lower margins, non recourse, caps on adjustment periods, risk/equity share, etc I am okay with leveraging near maximum.For me it comes down to terms and cash flow as long as the risks can be minimized and the cash flow profit spread is high enough and stable enough even with stress tests (market drops rents go down XX%, business income goes down XX% or my personal income goes down XX% can I still debt service?)

Thinking very seriously about dropping my Investor Business Daily subscription and going pro here.Thanks for taking the time to say hello

Ceiling Paint if possible, may have to replace panels it its a drop ceiling as the smoke permeates all the pores4.

If I decide to teach a class on buying non performing notes, I bet I would have a full house of new comers everyday, and all would be willing to drop $3000 each to hear me speak about notes and teach them things that they never heard before on how the note business will make them money...Joe Gore

As far as money to be made, assuming my numbers don't change (market rent drops or is off) I should cash flow after all expenses (vacancy, capex, ins, etc. prop manage - even tho' I plan to manage myself, I built in PM for future) just under $400/mo, removing PM adds another $200 or so.

I have studied Finance and Marketing for a while but decided to drop out of university to pursue something bigger.