Quote from @Matthew Ginsberg: Check state law or ask an attorney.My lease states all payments made will be applied to non-rent charges first, oldest to newest.

What made you interested in investing in this type of deal?

It also means daddy has to get the kids to agree to the terms of his deal in order to keep peace in the family.Sorry, Joe, but a side-by-side may give the seller an idea of what he’s leaving on the table, but that may not be enough.  

It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.The numbers and landlord laws out here made sense then, and they still do today.

Liquidity in an estate is crucial in order to pay expensive estate taxes without having to sell off assets within the estate.Estate Strategy FlexibilityA cost segregation study allows you to make strategic decisions about a property and is very helpful with property disposition (ex.

Pretty much everything is negotiable in real estate.Loan Origination is how much the lender is going to make on the file (if direct lenders: this is typically a junk fee; if brokers: this is your loan officers compensation).Points: this is the cost for the rate itself (if direct lenders: this can be negotiated, as they manufacture the rate sheet with profit baked in; if brokers: the rate is the rate, you are getting bottom of the barrel pricing).Credit report/appraisal: these are the actual costs -- no money can be made.

What made you interested in investing in this type of deal?

It was cumbersome and made us either cancel people if they instant booked or turning off instant book.Luckily RevMax, our pricing software (also owned by Streamline our PMS), we can add % rules on a price map with rules. 

During this time I am working in parallel to order appliances, furniture and trying to time deliveries.

Looking at the underwriting rules for FHA and CONV investors can only own a certain percentage of the total # of units in order to be eligible for this type of financing.