The circumstances surrounding it aren't the greatest, as he was essentially screwed by his wife's sister after she agreed to use her credit to get them into a house that they paid down for $400K over 10 years, she didn't pay the down payment, or taxes an insurance, and now she is demanding more than half the $500K equity after saying multiple times in 10 years she wanted nothing in return.

I rent out the spare bedrooms, which covers the mortgage, taxes, insurance, and repair reserve.

This would be a complete gut on both apartments to include new plumbing and electrical.

Painting, flooring, plumbing HVAC. 

Looking for some reputable insurance providers for my properties in Montgomery AL, please send any referrals and your experience with them.

And you don't need $15k structure or plumbing repairs on the regular.

Here are the detailsOriginal Note:  $48,500, 8% interest, 30 years, secured by first lien on $70k property, typical note terms.Date: 12/9/2009Current Value:  $41,505Payments:  $505.88/month includes $120/month escrow for insurance and property taxes, No payment missed, 3 payments late but not by more than 30 days.Escrow:  -$800 now but payment will be increased for negative balance and increased taxes/insurance.My guess is its worth $55,340 valued at 6%

I know that by law (regardless of what a lease may say) landlords are supposed to provide basic amenities (hot water, electricity) to renters, but what are the timelines that such services need to be made available to the renter when there is a plumbing or electrical failure? 

Average rental is $1,295/mo and monthly tax/insurance is $110.

Here are the numbers:Appraised Value $80,000.00Loan Amount: $60,000.00Monthly P&I: $490.25Interest Rate: 5.5%Amortized Over: 15 yearsVacancy $43.75 (5%) Repairs $87.50 (10%)Insurance $61.25 (7%) Management $61.25 (7%)P&I $490.25 (56%) Property Taxes $61.25 (7%)Total $813.75 (93%)Thanks,JT