I’m sitting here laughing to myself as I reflect on today.

And then the closing docs reflect those percentages. 

The HELOC gets re-evaluated and credit line increased to reflect the decreased mortgage. 1.

Or just have them do a new lease or an addendum to the lease to reflect the new grace period.Tenants aren't grandfathered in forever on their terms.

You or the title company will submit a PCOR that may very well reflect the credit back and automatically increase the enrolled value. 

For all the newbies out there (which still includes me) who are wondering how to do this, I wanted to quickly reflect on what I believe was the single best piece of advice I have received from anyone in regards to how to get into this game the right way.About a year and a half ago, I posted (about the first investment property that I had just gotten under contract, but was questioning if I should go through with it.

For example, if you would be happy with no less than a $5K return, then your max offer should reflect that you will not make less than $5K after completing the deal.Hope this helps clarify some of your questions.

And since the LLC is under both of our names do we have to create two Schedule Es under the LLC to reflect each of our shares and split everything 50/50?

And hopefully the cash deals reflect what's being brought to the table!!

I bought one property for about half price where the rents reflected the neglect.