Replacing the sewer line can be anywhere from $ 7000 to 20,000 depending on the length of run etc. 

With all the recent ponzi schemes in the last decade it's hard to feel completely comfortable with any arm's length investment. 

Depending on the lender, they will require a certain length of seasoning.

Luckily that portion of the building is only built 2 stories so we will be able to put skylights for light and air which is legal but not ideal.Some of the possible scenarios are 1) we lose all the lot line windows, 2) we lose the lot line windows for the 50 foot length of the new building 3) we don't lose any windows because we are able to convince the neighbor not to build up to the lot line or are able to prevent him because of the impact it will have to out building.I wanted to see if anyone has any experience with a situation like this and can give some feedback on how things worked out in their situation.

You can make a 30yr mortgage any length you want by paying extra each month.  

Equity position has less guarantees as I'm not involved in the picking of the property, amount of rehab, cost, length of time, If it's a bad flip etc. if I'm understanding that correctly.

agree with Robert  we are Canadian  investors so for us everything is done at  arms length so our property management companies  handle all  the say to day affairs .... the secret is to have a company that you can trust... we  do take trips to the states to meet with the key people on our teams and  are doing well  with our investing as of today

Hey BP,

I am in the process of purchasing a duplex. I am doing an owner occupied conventional loan. One side of the duplex is already rented out.

How long do I legally have to live in the residence before I can mov...

Are pre approval letters good for a certain length of time?  

This document spells out all the terms of the loan: the amount, the interest rate, the payment amount (if there is one), the frequency of the payments (if there are any), the length of the loan, the balloon payment (if there is one), when a loan will be considered in default, who pays for insurance (and taxes, and maintenance, etc.), if an escrow is required, what happens if a party responsible for payments doesn't make them, etc., etc., etc.