So using the equity in my current home was the only way I could get the loan for the new house.

@Brian Horwitz  That's a great strategy to use the equity in your rental portfolio to essentially double the amount of properties you own.   

The question is where the report states combined loan to value 89% and estimated equity $10,128, is that based on when the mortgage was taken out or is that updated based on the amount of the loan that remains unpaid + associated fees?

Typically for these type of deals, I'm looking to walk in to one with substantial equity and then sell it in the near future.

Also- question for you- if she does within the next few days decide to relinquish keys to us and we stop the eviction, will this be more favorable to her as far as her record is concerned?  

@DeShaun Sellers Congrats on the incredible equity found between purchase price and appraisal!

I was also able to tap into it later to pull out some equity.

Should I get %75  of the cash flow and %75 of the equity in the property? 

I also had no problem with my first investment property requiring some sweat equity.

Only the gain portion of those funds is eligible for the favorable treatment.Tagging some others who know about this as well, but I’m happy to answer questions.