The tenant will also provide the landlord/manager/maintenance man the alarm code for the security alarm.If the tenant does not activate the security alarm, the tenant understands that the security alarm and all of its components are to remain in the unit and not to be tampered with or removed from the walls/ceiling/etc.ADDITIONAL APPLIANCES ADDENDUMAny additional appliances on premises (such as washing machine, dryer, microwave, etc) are provided as is for the tenant's use.

If purchased at the sale, would I then be responsible for the 2nd mortgage in addition to what was paid at the sale or would the proceeds go to the 1st position and the remainder go to the 2nd position and leave me responsible to the remaining mechanics liens and back taxes?

I feel that I have been more than accommodating, allowing her to remain in the house without forcing the issue.

It appears that the portion of the increase in prices directly attributable to the hard and soft costs (materials, labor, time, capital, etc) of improving the property are the approximate amount that the indeces are being "inflated" relative to the circumstances of the average, non-rehabbing homeowner.To demonstrate this, let's say I buy a beat-up rehab in an upward market for $200K, put in $75K in all costs, including capital costs, materials, labor, and sell it for $350K net proceeds.

Say you have a 20 unit multi-family to condo conversion than ran out of money leaving 5 units fully converted, 5 units 3/4 of the way done and the remaining 10 units completely gutted.

She experienced many cycles and knows(feels) that Real Estate prices in America are going to increase (at least because of inflation)She is not expecting even a payback from the loan, ( she says: don't pay me anything now, after you sell it and make a difference) but we want to give her this 3 % anyways

Previous years revenue is not that appealing, thus I have negotiated the below for the new contract. 1) New Energy efficient machine will be installed. 2) Coin Match will collect the cost of 1 cycle per machine per day and the remaining will be paid to the owner.

From the remaining $690 you have to cover your P&I payment (taxes and insurance are in the 50%).

"The more things change, the more things remain the same" and "things are worse than they seem".

Many believe we are in a mini-bubble and I'm convinced the market may remain strong or semi-strong (although appreciations will decrease in rate).If/When shadow inventory is finally released (eventually), it may not cause a "flood" to the market which I've heard over and over again.