Hopefully rates will drop, values will hold and you'll punch the balance down quickly.  

Landlord/tenant relationship with a friend can be tricky to navigate but it was a balance of setting expectations while not being the evil landlord.

Hi there,Can anyone recommend a good property manager in South Philadelphia that balances tenant services and saving owners money?

Everyone in the real estate industry makes offers and negotiates contracts for property to have title cleared at closing, so if a deal doesn’t close then the liens are not paid; if a deal does close the title company pays off the liens from the closing proceeds with the balance going to the seller.  

of course, Atlanta is a balanced market so I try to get more flips and buy-hold since Atlanta market is controlled by Ebuyer I can do buy-and-hold for longer time. 

Bring on a KP with a healthy balance sheet. 

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

The loan terms vary, but 1.5% of the outstanding balance each month is very typical for minimum HELOC payments. 

However, when calculating the lendable equity, she used the formula:Estimated Home Value - 370,000Current mortgage balance - 276,000370,000 x .8 = 296,000296,000 - 276,000 = 20,000She said my lendable equity is 20,000.

Finding the right balance between protecting the public interest and maintaining personal rights can prove difficult, and Short Term Rentals are one area where there is a lot of tension between the two.