Until your personal balance sheet is in order don't go borrowing more for real estate.

If the water bill is not paid by the due date, landlord will pay the balance, add a $25 service fee to be paid by tenants, and then give tenants seven days to reimburse landlord for the water bill."

Going to try to make this short.So, I purchase a SFR in 2003 for $170K, my balance now is $115K.

Now for the part of the process I am not too educated on... do I tell him my whole assignment fee (nonrefundable) deposit now, or 1/2 my fee and balance of sale price due at closing?

Now, if the lender says they will only loan say 80% of the deal, you need to show the balance to your offer.If you can't get this accomplished, move on to others. :)

The seller has a ballon note in 5 years and will have a remaining balance of $17K and my amortization on my bank loan will be at $66K giving me allmost exactly $17K in available equity to borrow on and stay at or below 80% equity.

That, coupled with the possibility of a lawsuit or buyers agent commission obligation if they violate the contract and back out, might convince them to cut their losses and eat the balance of their mistake.

My attitude is to forget work/life balance while building the business and just focus on working hard, developing processes and improving efficiency, so that once you have things running efficiently, you can then enjoy the work/life balance.

Then we want to find a private lender to cover the balance of the land and the build cost.

Right now I am working with a few Buyers and trying to find a balance between work and home life.