As our holdings increased, it was clear that flexibility with my own business was the way to manage our portfolio (8 properties).

Clearly in this situation, the higher the value the more you can borrow and the lower the less you can borrow.The HML will dictate what instrument of value they desire.

or free and clear?

The lease clearly spells out that the rent must be received in my box on the due date...not mailed...not waiting for pickup....received.

But my goal is to own the property free and clear in 20 years, so I wanted shorted term I could qualify for.

My goal is to have a certain amout of homes paid free and clear before starting to take on bigger projects with bigger loans.

With five years of economic recovery now in the rear view mirror, it is clear that the average American is really not recovering as evidenced by the lowest level of home ownership since 1980.

I made it pretty clear that it's an option in CA and the effects, yet some can't or aren't follow(ing) what was said as to audits, probably because no one here has ever done an examination audit.

I own it free and clear and was trying to raise money for a separate 1031 purchase.PLEASE HELP ME BE COMPETITIVE BUT NOT STUPID!

After a brief back and forth between the seller's and HOA's lawyers, we got a letter stating that we the seller can sell the unit as a rental unit.The exact language states that "the board approves the request of the homeowners to sell the above referenced unit to be used as a rental unit".Now I am not a lawyer, but to me that is clear as mud.Should I expect the HOA to write a letter addressed to us stating that we can rent the unit and when we sell, our buyer can also rent the unit?