and guess what - that might be OK too - but only if 1) you're OK with spending that money and 2) the investment justifies it.

They marked it down as a "claim," even though the delivery guy never filed suit, asked for money, or sent a demand letter. 

You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.

They are not always happy about spending money, but thank me when I get a higher selling price than what they expected.

The checking account can act as the home for the funds until you deploy the money into and investment, then all expenses and returns flow from and into that checking account that you control. 

They would be putting in some money and their service as sweat equity, and we would be putting up money and my wife’s services. 

It really becomes a time value of money calculation based on when you want to sell your Class A rental.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

An FHA 203(k) loan is definitely one route, but there are other ways to make it happen that might even work better depending on your situation:1.Private or Hard Money Loans: These could be a good option if you want flexibility.

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.