Take a Real Estate Principles class online if you can, through your local college.Figure out the amount you are comfortable investing, etc. and then begin looking for properties that fit that criteria.

This basically meant the balance of the rehab fund would just get paid towards my principle and I am out for all funds put into the rehab.

Generally each municipality has it's own criteria, sight distance, traffic implications, etc.

It's been great as I couldn't be happier with the new house and it allows us to continue to live within (and mostly below) our means.My next priority is to set my sights on SFH properties to buy and hold for rental income.

OK, interest only (I/O) means that there is no amortization, so that at the end of the loan period there is still the original principle balance remaining.

Hopefully i can convince the seller to apply all payments to the principle along with any additional money.

You might also want to take a Real Estate Principles class, and consider getting your license.

I guess am asking if the principles would work here where?

I have been looking around the sight.

She also wants an additional $40,000 cash for property upgrades, it to be a principle and interest loan (not interest only) and no balloon with a 15 year term.I am guessing she will have to be more flexible in her wants.How would I structure this so that it's a win-win for all parties?