If you are a long term holder, owning assets 10+ years, you will likely have some significant expenses.

Chula visa is unique.  

When you get a car loan, you don't have to pay a second insurance bill to cover that lender Regarding a vehicle, the insurance you are paying is actually for the lender and not you as the lender actually is the title holder until you pay them off.The reason the borrower pays for the lender title policy is because it is them requesting the loan.  

I'm envisioning a scenario where you obtain whatever bank financing you can with the remaining gap covered by structured note payments, perhaps with the siblings as 2nd lien holders. 

Hey, sorry for jumping in but just wondering did you consider the legal side of things, vis-a-vis the florida RVM laws passed last year. 

The original $300k mortgage balance would have been paid back to the mortgage holder via principal pay down over 30 years with funds that came directly from rents collected.

If the lien is redeemed within 5 years, the premium will be returned to you (the lien holder) WITHOUT interest.

@Patti Robertson  rents simply don't go up exponentially vis a vi purchase price.. and the value proposition here is  probably appreciation play or instant equity.. can't look at it like your buying low end rentals.. or MF.. builders use construction financing to build right ??? 

If you are the borrower you will need to coordinate with the bank and the current holder of the contractIf you are the lender and have someone on a land contract you cannot finance more than the amount of the land contract

In general, if you live in a place that DOES NOT have an income discrimination law, you are free to discriminate against Section 8 voucher holders, including advertising that you do so.