In this example, I have a property with:$40,000 remaining on 1st lien with 10-years remaining of a 30-yr mortgage$75,000 agreed purchase price$35,000 differenceSo, I assume debt service on the 1st lien, but would I then make the set payment for the remainder of the note period?

Shalom to all.I did a quarterly inspection to one of my properties yesterday and while I was there, the tenant informed me that the third person on the lease for said property (3 people used to live there but one moved out without taking there name off the lease) comes and goes as she pleases and threatens to call the cops (can legally do so) if not allowed access to the property even though she doesn't live there anymore.I've dealt with similar situations before by having them sign a lease termination form, since the remaining tenants can more than cover the rent.

I have 18 years construction experience and do most of the work myself.We're nearly finished with our current project in Tucson and would like to move on to the Santa Fe, NM, area.We have about $50K remaining on a private line of credit secured by the current project.When we sell in Tucson we will likely have between $200-300k cash.  

Kfir,I'm a newbie but as far as I can tell, the best way is to make a grid of all the capex expenses for that particular property, track down how much remaining life is on each of them, and divide the cost for each buy its remaining life; then you'll see how much you should set aside each month when you add them all up. 

The cost of the new regulatory burdens will outweigh remaining in the business of personal property financing.We seek HUD’s assistance in guiding the states to reconsider the application of their amended laws and focus on the intent and purpose of the SAFE Act: (i) to license individuals (not to create new licensing requirements for already sufficiently regulated entities); and to (ii) create uniformity and reduce regulatory burden.Implementation of the SAFE Act through NMLSR is not Meeting its Minimum Goals.

The bottom line for the buyer should remain exactly the same as for the simple case above.

Insurance can remain seperate on one property or you can use a blanket policy, won't usually matter.These are not usually long term financing arrangements or fully amortized depending on the loan amount.

The ones remaining have been paid down substantially.

Remember, IT IS BEING BOUGHT AS A BUY AND HOLD and that is how it shall remain until I decide otherwise.

From the remaining 50%, you have to cover your P&I payment (only P&I, that taxes and insurance are in the 50%).