You indicate you have a 5.5% note for 30years.

Ryan Hutchison:As Mike indicated, more is better ;) In hindsight, if I were starting again, I would probably look only at quadraplexes or more.Not only does a vacancy in a multi not translate into a complete loss of revenue, but your maintenance/CAPX per dollar income is lower {i.e. there is only one roof}

Do you know where she is going, that can be an indication of how to structur a deal if she really needs cash.She may not have much of a tax issue but her funds would be invested at a higher rate than she would likely get on something else, so play on the safety of her money and high return with an income. :)

Realize that contracts are usually just the terms and expectations of activities expected to get to a settlement, but to hold feet to the fire the amount of consideration given indicates the value of the deal.

I have met the owner in the past he lived in the home for about a year and then rented it out for about 2 years, about 4-5 months ago the tenants that were staying in the home moved and the owner has came by about 2-3 times max, lately the home has been unattended and sitting(grass growing, gate broken..ect) I am not positive but I believe the owner may be upside down in the mortgage and possibly may have stopped paying the mortgage altogether however the home is in his name and county records indicate his mailing addy is near by.

It's the size of a regular circuit, but has two circuits in it....By code, you can only use those types of breakers in panels that are rated for their use; there is some kind of indication on the panel as I recall that tells you this.

The stips will also indicate that the deal is subject to lender approval.

If an operator is not determined to be a dealer for any reason, the operator would be required to register their entity with the Secretary of State with corporate filings indicating they were in the business of selling utilizing seller financed sales.Non-payment of taxes for a period greater than 30 days would not be grounds for accelerating the note but will allow the lender to pay taxes and include the amount plus up to ten percent as a fee to the principal amount bearing interest at the note rate.

2) Envelope - you indicated the windows are original: This likely means single pain, built in-place wooden sliders or single hung.

The owners indicated that they were going to be moving out of state, so I set up an appointment for today and a couple hours before the appointment the owner cancelled.