That makes it clearer for me along with the expanded answer.If you don't mind my asking... do you assign your LO to the Buyer or do you assign the Buyers LO back to the Seller (the technique that Joe McCall uses)?

So even if the two existing loans were in the proper order if you refi only the first the new loan would become the second.

Certainly, facts have been omitted - even by accident since a proper interview has not taken place.

Most tenants do not show up so judgment is given to landlord if papers executed properly along with possession of the property.

In the economic climate we are in there are way to many parts of the country where you would never get a proper value of your asset in line with construction costs.

They are not attracted to blinking lights yelling cash flow, but are attracted to the idea of a passive income to supplement their active incomes.I don't see seasoned investors buying these types of properties for the most part.So then in my mind these newer investors are buying properties that have minimal returns because they do not have the experience to properly analyze a purchase price.REPLY FROM ME: The advice I personally give investors is that my company is not right for everyone.

.* Regular inspections to check for leaks, ceiling damage, make sure window AC units are properly mounted, etc.* Other preventative maint, such as cleaning gutters

I found a triplex offered for sale, and have some info, and I am sure I need more info to properly evaluate this investment.

If you screen sellers properly you can find those that are motivated enough to do this.

That is why you want to buy below Market Value.Market Value is the price an asset will trade (sell) in an open competitive environment.Defined as follows: Market value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.The delineation of "After Repair" or "As Is" technically exists only as jargon amongst REI groups and conversations.