Maybe with so little practice they’re not very good.We’re going to assume the property appraised at the selling price or close enough for the buyer to bring the extra cash.

Pay off the 700k bridge loan and you collect 125k of your 150k back so you'd leave 25k in.

., just doesn't make sense to pay you extra fee to get what is already blasted there for ALL to see).

It's been about 20 years since I have gotten a mortgage since I usually pay cash.

We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

So she will not have to pay any rent and just utilities for the year.

We use QB for bookkeeping and accounting, and Relay Financial as our bank so we can automatically sort out a % for taxes and we pay those monthly/quarterly depending on what the township requires.

No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses.

Obviously, from this thread, I should be offering to pay the state 10-20% of what they ask me, reasoning that no one else will buy them and that I have a reasonable plan to get them actively producing taxes again.  

Does this mean, I am not able to refinance to a lower rate in the future until 5 years or I would have to pay a penalty if I were to do it earlier than 5 years.Thank You,