It's likely that you paid cash for the property if you are selling with owner financing, so you lose on the benefits of debt pay down and appreciation.

We had a home warranty on a 6-plex that had very old plumbing fixtures, and the home warranty paid for itself 10x. 

I am having issues getting pre-approved through a bank as I only have one year W2 job history and two years self employment history, even though I have 660 credit 10K saved and we'll make around 70 K this year all income combined.

I am having issues getting pre-approved through a bank as I only have one year W2 job history and two years self employment history, even though I have 660 credit 10K saved and we'll make around 70 K this year all income combined.

When a claim is filed, all insurance proceeds are paid to the loss payee named in the policy.

Chris Pre

Mortgage is almost completely paid off.Basically looking for recommendations on how to advertise and eventually sell the property without scaring off potential buyers.

He'll probably have it all paid off by then anyway.To answer your questions, I can't say that it is MLO originated because we didn't use a bank, but we did have an attorney draw it up.As far as servicing goes, there is no escrow.

Since I use the BRRRR strategy I get pre-qualified for the Refinance loan.  

So you want to get pre qualed before you start.. you want to make sure you have Capacity as @Bryan Otteson states you may have to pay the short term loan off in cash if you can't refi or you may need to add a significant amount of cash to the transaction to meet a much lower LTV that a lender may be looking for if appraisal comes in light or terms change..