There were multiple times where the deal just didn't seem like it would go through.

Off course you have to have thick skin due to most sellers responses and also have to know your market well.

We are far from spendthrifts.I appreciate the feedback, and just so you guys know, I have a thick skin, so continue to be honest.Thanks,Mike

Job Diversity - make sure there are multiple industries fueling the jobs in the market so if one goes down the others can pick up the slack.3.

Here's what we decided to do:Initially we sent welcome letters and repeated requests for the tenants to call and got nothing back until after multiple attempts, including sending someone over to the property to hand deliver the welcome letter.

For you, thus means you will have a little more skin in tbe game.  

I've heard multiple people refer to seller financing deals over one year as the thing that triggers the compliance issues.

I'm looking for multiple options to present.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

Underwriting assumes that you will sell the NOO or the vacation home before you would sell your primary residence in a time of desperation, thus the need for more "skin in the game"