Will your contractor go back and cure any remaining inspection items? 

Put laundromat on back burner for next year after apartment is stabilize open a HELOC on my primary residence and use combination with cash to purchase first small apartmentExit strategy use rent to pay HELOC monthly payments and then after 12 months refi property and pay off remaining balance of HELOCFEARS:1)When I open HELOC and pay for part of apartment what if I over leverage my HELOC.

But your cash flow is $12,316.60 a year, not $16,206.77...But if you notice your NOI remains the same at $53,997 per year Why? 

Some might disagree pointing out to REITs that never recovered pre 2008 values, but in this case their BV were inflated by high property prices.

I received notice last night from tenants they will not be renewing lease and may not be able to come up with remaining balance do to work furlough. 

The real estate market remains vital in Greater Tampa Bay (Tampa/St.

Should he just try to buy the remaining ownership from his cousins?

Purchase price: $30,000 Cash invested: $64,000 Sale price: $116,000 Restoration of Craftsman home, removal of one wall and flip breakfast nook into master walk-in closet.All plaster walls were beautifully in tact except kitchen ceiling, all original woodwork remained and was refinished.

The easy way would be to simply allow the daughter to establish a new contract with the remaining term of the original contract.

Another option: you put down 15%, ask the seller to do owner financing for 10%, use conventional loan for remaining 75%.