Only borrow what you can handle.2.

If there is an existing lease/rental agreement you must honor that lease provided it is an arm's length agreement from tenant to old borrower and the rental amount is not substantially less than fair market rent.

Also borrow DVDs from others and from the library -- all free.

The reason is that there are borrowers out there that need them.

Do you intend to borrow the money to acquire the property?

Usually in most conventional bank transactions, the bank will not allow the $250k to be "gifted" to you as it will be above the "gift" limit (in the case where only you will be the borrower).

Borrower will pay all closing costs.

I now have a new favourite floor to rival walnut and tigerwood :)I too may be borrowing your tub / shower design.The cosmetic beauty aside, what nature of efficiency factors did you use?

If my borrowers pay me, I make double digit returns.

At 110k, given your numbers, I see about $565/month cash flow and a 20% ROI.25% down plus 6k for the sewer fix(rolled into the loan) plus 5k for closing for 34k out of pocket to close at 110k purchase price.Here are your expenses as I see them:Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $453.83Taxes $125.00Sewer and Water $208.33 (I accounted for borrowing 6k to remove this expense, but I figured it would take at least a year to switch the tenants over)Trash $- (this was my big question)Heat/Utilities $25.00 (Manager's electrical, outdoor light, etc)Cap Ex and Ops $300.00Insurance $158.33Mgmt Fee $230.00Vacancy $230.00Total Expenses $1,730.50