Purchase price: $365,000 Cash invested: $550,000 Bought to live in, forced some equity and was able to get out almost all of my cash. 2.3% interest rate!

If he closed and now has to move in and has an attorney, he should be fine.

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.

Quote from @Sandeep K Mamidi: We have over the years bought and sold several rental properties in FL, AZ and TX (Pretty Passive)Want to become more active with Flips and grow our wealth using innovative strategies and expand into Multi Family Real EstateCongrats.

I would like to branch into commercial leasing with a government client niche (solar farm land and datacenter leasing too).

My husband and I own and self manage 4 properties with 19 units.

Purchase price: $360,000 Cash invested: $100,000 This is a 20 acres of land mixed use Commercial or Residential.

You deduct what you can from the deposit and charge them for the remainder.If it takes longer and the deposit won't cover the losses, send a bill to your departing tenant and give them 30 days to pay.

I will need to remove the carpet and replace it with something durable and cost effective. 

They let it freeze and pipes break.